Canadian Imperial Bank of Commerce (CM.TO)
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 $168.63, up 1.81% on the session, giving a market capitalisation of $156.25B. Its beta of 1.28 implies it has historically moved more than the broad market.
Canadian Imperial Bank of Commerce (CIBC), established in Toronto, Canada, in 1867, functions as a comprehensive financial institution, providing an extensive range of products and services. Its varied client base encompasses individuals, businesses, governmental entities, and institutional clients throughout Canada, the United States, and global markets. The bank organizes its operations into four principal segments: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. CIBC's offerings span fundamental checking, savings, and business accounts; diverse lending solutions such as mortgages, personal and commercial loans, and credit lines; investment and insurance products; and credit cards, often paired with overdraft protection. Additionally, it delivers specialized services addressing daily banking requirements, wealth management strategies, global financial dealings including foreign exchange, and corporate cash management.
Canadian Imperial Bank of Commerce is most often compared with the following Financial Services names: