OverviewSuggest Edit

Canadian Imperial Bank of Commerce (CIBC) is a diversified financial institution that provides various financial products and services to personal, business, public sector, and institutional clients. The company operates through four business units: Canadian Personal and Small Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It offers chequing, savings, and business accounts, mortgages, loans, lines of credit, student lines of credit, and business and agriculture loans, investment and insurance services, and credit cards, as well as overdraft protection services. The company also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services, correspondent banking and online foreign exchange services, and cash management services.
TypePublic
Founded1867
HQToronto, CA
Websitecibc.com
Employee Ratings3.6

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Latest Updates

Employees (est.) (Oct 2020)43,853(-2%)
Job Openings852
Revenue (FY, 2019)C$18.6 B(+5%)
Share Price (Sept 2021)C$145.7
Cybersecurity ratingBMore

Key People/Management at Canadian Imperial Bank of Commerce (CIBC)

Victor G. Dodig

Victor G. Dodig

President, Chief Executive Officer & Director
Michael G. Capatides

Michael G. Capatides

President and CEO, CIBC Bank USA Senior Executive Vice President and Group Head, U.S. Region
John P. Manley

John P. Manley

Director, Chair of the Board, USA
Jack Markwalter

Jack Markwalter

Chief Executive Officer, CIBC Private Wealth Management, U.S.
Brant Ahrens

Brant Ahrens

President of Retail and Digital Banking and Head of U.S. Strategy and Administration
Nanci E. Caldwell

Nanci E. Caldwell

Corporate Director
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Canadian Imperial Bank of Commerce (CIBC) Office Locations

Canadian Imperial Bank of Commerce (CIBC) has an office in Toronto
Toronto, CA (HQ)
The Path - Commerce Ct
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Canadian Imperial Bank of Commerce (CIBC) Financials and Metrics

Canadian Imperial Bank of Commerce (CIBC) Revenue

Canadian Imperial Bank of Commerce (CIBC)'s revenue was reported to be C$18.61 b in FY, 2019 which is a 4.4% increase from the previous period.
CAD

Revenue (Q1, 2020)

4.9b

Net income (Q1, 2020)

1.2b

Market capitalization (14-Sept-2021)

65.4b

Closing stock price (14-Sept-2021)

145.7

Cash (31-Jan-2020)

4.8b

EV

65.4b
Canadian Imperial Bank of Commerce (CIBC)'s current market capitalization is C$65.4 b.
Annual
CADFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

15.0b16.3b17.8b18.6b

Revenue growth, %

9%8%10%4%

Operating expense total

9.0b9.6b10.3b10.9b

Pre tax profit

5.0b5.9b6.7b6.5b
Quarterly
CADQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020

Revenue

4.2b3.7b4.1b4.3b4.5b4.4b4.5b4.5b4.6b4.5b4.7b4.8b4.9b

Operating expense total

2.3b2.3b2.5b2.6b2.6b2.5b2.6b2.6b2.8b2.6b2.7b2.8b3.1b

Pre tax profit

1.7b1.2b1.4b1.5b1.7b1.6b1.7b1.6b1.5b1.7b1.8b1.5b1.5b

Income tax expense

316.0m194.0m346.0m306.0m400.0m328.0m365.0m329.0m285.0m351.0m373.0m339.0m317.0m
Annual
CADFY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.5b3.4b4.4b3.8b

Accounts Receivable

307.4b356.7b371.4b388.9b

PP&E

1.9b1.8b1.8b1.8b

Goodwill

1.5b5.4b5.6b5.4b
Quarterly
Annual
CADFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

4.3b4.7b5.3b5.1b

Depreciation and Amortization

462.0m542.0m657.0m838.0m

Cash From Operating Activities

10.2b2.5b9.9b18.6b

Purchases of PP&E

(170.0m)201.0m(255.0m)(272.0m)
Quarterly
CADQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

1.4b2.5b3.6b1.3b2.6b4.0b1.2b2.5b3.9b1.2b

Depreciation and Amortization

120.0m247.0m390.0m166.0m328.0m495.0m171.0m349.0m526.0m246.0m

Cash From Operating Activities

(4.2b)(1.3b)459.0m2.6b9.2b11.1b5.8b10.1b12.7b675.0m

Purchases of PP&E

365.0m293.0m267.0m(40.0m)(85.0m)(123.0m)(55.0m)(112.0m)(166.0m)(62.0m)
CADFY, 2016

Revenue/Employee

345.7k

Debt/Equity

0.1 x

Financial Leverage

21.2 x
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Canadian Imperial Bank of Commerce (CIBC) Operating Metrics

Canadian Imperial Bank of Commerce (CIBC)'s Assets Under Management was reported to be C$263.6b in Q1, 2020. Canadian Imperial Bank of Commerce (CIBC)'s Total Loans was reported to be C$392.9b in Q1, 2020. Canadian Imperial Bank of Commerce (CIBC)'s Total Deposits was reported to be C$497.9b in Q1, 2020.
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Canadian Imperial Bank of Commerce (CIBC) Acquisitions / Subsidiaries

Company NameDateDeal Size
Cleary GullSeptember 09, 2019
Lowenhaupt Global AdvisorsSeptember 01, 2019
Wellington FinancialJanuary 05, 2018
Geneva AdvisorsAugust 31, 2017c$224 m
PrivateBancorpJune 23, 2017c$6.64 b
AT Investment Advisers Inc.
Atlantic Trust Company, National Association
Atlantic Trust Group LLC
Canadian Imperial Holdings Inc.
CIBC Asset Management Inc.
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Canadian Imperial Bank of Commerce (CIBC) Revenue Breakdown

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Canadian Imperial Bank of Commerce (CIBC) revenue breakdown by business segment: 21.7% from Canadian Commercial Banking and Wealth Management, 10.6% from U.S. Commercial Banking and Wealth Management, 47.1% from Canadian Personal and Small Business Banking, 15.8% from Capital Markets and 4.9% from Other

Canadian Imperial Bank of Commerce (CIBC) revenue breakdown by geographic segment: 7.9% from Caribbean, 13.5% from U.S., 74.7% from Canada and 4.0% from Other

Canadian Imperial Bank of Commerce (CIBC) Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Canadian Imperial Bank of Commerce (CIBC) Online and Social Media Presence

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Canadian Imperial Bank of Commerce (CIBC) News and Updates

CIBC, Itaú Unibanco, National Australia Bank and NatWest Group launch Global Open Finance Challenge

Today CIBC (TSX: CM) (NYSE: CM), Itaú Unibanco (NYSE: ITUB), National Australia Bank (ASX: NAB) and NatWest Group (LSE: NWG) launched the Global Open Finance Challenge, a virtual event encouraging innovation and the development of new solutions for a global open finance ecosystem.

CIBC to Announce Third Quarter 2021 Results on August 26, 2021

CIBC (TSX: CM) (NYSE: CM) will be announcing its 2021 third quarter results for the quarter ended July 31, 2021, on Thursday, August 26, 2021. The results are expected to be released at approximately 6:00 a.m. (ET), followed by a live audio webcast and teleconference call with analysts, investors an…

CIBC Asset Management Inc. announces unitholder approval of a fixed rate administration fee

CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. ("CAM") today announced that unitholders have voted in favour of its proposal to introduce a fixed rate administration fee for the Renaissance Investment Funds, Axiom Portfolios and Renaissance Private Pools listed below (each a "fund" and colle…

CIBC's digital identity verification makes it faster and easier to open new accounts online

Today CIBC announced a new digital identity verification option, enabling prospective CIBC clients in Canada to verify their identity in minutes, without the need for a trip to the banking centre or to speak to a client care representative to open new accounts online. Utilizing machine-learning algo…

CIBC launches industry-first Canadian Depositary Receipts ("CDRs") on the NEO Exchange

CIBC, NEO, and CIBC Mellon are excited to announce the launch of the first-ever Canadian Depositary Receipts ("CDRs"), which will be listed on the NEO Exchange. CDRs represent a groundbreaking innovation in the way Canadian investors buy and hold shares of global companies.

CIBC Asset Management announces CIBC ETF cash distributions for July 2021

CIBC Asset Management Inc. today announced the July 2021 cash distributions for CIBC ETFs, which distribute monthly and quarterly.
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Canadian Imperial Bank of Commerce (CIBC) Frequently Asked Questions

  • When was Canadian Imperial Bank of Commerce (CIBC) founded?

    Canadian Imperial Bank of Commerce (CIBC) was founded in 1867.

  • Who are Canadian Imperial Bank of Commerce (CIBC) key executives?

    Canadian Imperial Bank of Commerce (CIBC)'s key executives are Victor G. Dodig, Michael G. Capatides and John P. Manley.

  • How many employees does Canadian Imperial Bank of Commerce (CIBC) have?

    Canadian Imperial Bank of Commerce (CIBC) has 43,853 employees.

  • What is Canadian Imperial Bank of Commerce (CIBC) revenue?

    Latest Canadian Imperial Bank of Commerce (CIBC) annual revenue is C$18.6 b.

  • What is Canadian Imperial Bank of Commerce (CIBC) revenue per employee?

    Latest Canadian Imperial Bank of Commerce (CIBC) revenue per employee is C$424.4 k.

  • Who are Canadian Imperial Bank of Commerce (CIBC) competitors?

    Competitors of Canadian Imperial Bank of Commerce (CIBC) include Power Corporation of Canada, Desjardins and Toronto-Dominion Bank.

  • Where is Canadian Imperial Bank of Commerce (CIBC) headquarters?

    Canadian Imperial Bank of Commerce (CIBC) headquarters is located at The Path - Commerce Ct, Toronto.

  • Where are Canadian Imperial Bank of Commerce (CIBC) offices?

    Canadian Imperial Bank of Commerce (CIBC) has an office in Toronto.

  • How many offices does Canadian Imperial Bank of Commerce (CIBC) have?

    Canadian Imperial Bank of Commerce (CIBC) has 1 office.