Canadian Imperial Bank of Commerce (CM)
Canadian Imperial Bank of Commerce operates in the Banks - Diversified industry of the Financial Services sector, headquartered in Toronto, ON, CA. The stock last traded at $120.90, up 1.63% on the session, giving a market capitalisation of $112.03B. On trailing twelve-month figures it carries a trailing P/E of 16.60, a net margin of 18.4%. Its beta of 1.27 implies it has historically moved more than the broad market.
Canadian Imperial Bank of Commerce (CIBC) operates as a broad-based financial services provider, extending a wide array of financial offerings and solutions. Its diverse clientele includes individuals, corporations, government entities, and large institutional clients across Canada, the United States, and globally. The bank's operations are structured into four key divisions: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. CIBC's product portfolio encompasses checking, savings, and business accounts; mortgage financing; various lending products like general loans, lines of credit, student lines of credit, and specialized business and agricultural loans; investment and insurance services; credit cards; and overdraft protection. Additionally, it delivers everyday banking, credit and borrowing facilities, specialized financial expertise, wealth management and investment advice, and international services. These also include correspondent banking, digital foreign exchange, and comprehensive cash management solutions. Established in 1867, CIBC's main corporate office is located in Toronto, Canada.
Canadian Imperial Bank of Commerce is most often compared with the following Financial Services names: