← Markets

Canadian Imperial Bank of Commerce

CM · NYSE

Market closed$121.24$0.500000 (+0.41%)After hours $121.50 · +0.21%

Key statistics

Previous close$120.74
Open$119.85
Day high$122.50
Day low$119.47
52-week high$122.50
52-week low$71.00
Market cap112.34B
Volume1.02M
Average volume1.43M
P/E ratio17.34
Forward P/E—
EPS6.99
Dividend yield+2.46%

Market context

Why it moved

Canadian Imperial Bank of Commerce (CM) edged higher, supported by continued positive momentum for Canadian bank stocks and its new structured note offering linked to the MSCI EAFE Index, as the broader financial sector maintained resilience amid mixed global market conditions.

SubstackMarketbeatFacebookGovFacebook

What is happening

Recent company-specific developments and publisher coverage.

July 15, 2026CIBC edged higher, touching a new 52-week high intraday, as the broader banking sector rallied on blowout Q2 earnings from U.S. megabanks — JPMorgan, Goldman Sachs, Bank of America, Citigroup, and Wells Fargo all beat estimates — and a softer-than-expected CPI print that buoyed rate-sensitive financials. Adding to the constructive backdrop, CIBC priced $85M in 5.15% callable senior notes due 2031 and continued to attract institutional buying interest, with Hillsdale Investment Management boosting its stake. The bank's own Q2 results (reported May 28) remain a tailwind, with EPS of $1.86 beating estimates by $0.08 and revenue up 14% year-over-year, while analyst consensus sits at 'Moderate Buy' with a $167 average price target.

1.0224

July 14, 2026Canadian Imperial Bank of Commerce closed modestly lower, trading near its 52-week high of $118.66, as broader financial sector sentiment was shaped by anticipation of major U.S. bank Q2 earnings due July 14 — alongside June CPI data — creating a cautious tone. CIBC's own fiscal Q2 results (reported May 28) were strong, with EPS of $1.86 beating estimates and revenue up 14% year-over-year, while analysts maintain a Moderate Buy consensus with an average price target of $167. Renewed U.S.-Iran tensions and elevated oil prices added macro uncertainty, though the bank sector is broadly viewed as a potential rotation beneficiary as AI and semiconductor stocks face increased volatility.

-0.3481

July 11, 2026Canadian Imperial Bank of Commerce shares rose sharply, touching a new 52-week high of $118.07, as the stock builds on strong post-Q2 earnings momentum and a broadly constructive environment for bank stocks ahead of Q2 earnings season. CIBC's Q2 beat—reporting $1.86 EPS versus the $1.78 consensus on 14% revenue growth—combined with a 30 million share buyback approval, a new private infrastructure fund launched with JPMorgan, and Royal Bank of Canada raising its price target to $167 with an "outperform" rating, have all reinforced positive investor sentiment. The broader financial sector is also providing a tailwind, with UBS flagging strong capital markets activity and resilient consumer credit as key themes heading into Q2 reporting.

2.1066

July 10, 2026Canadian Imperial Bank of Commerce closed modestly higher, approaching its 52-week high of $117.05, buoyed by a strong post-earnings narrative and active capital markets activity. CIBC recently launched a US$500 million LRCN notes offering at 6.75% for general corporate purposes, adding to a series of capital initiatives following its Q2 beat — where EPS of $1.86 topped estimates by $0.08 and revenue rose 14% year-over-year. The bank also received a price target boost to $167 from Royal Bank of Canada and holds a 'Moderate Buy' consensus, while its 30-day return of ~7.8% and one-year total return exceeding 71% reflect strong underlying momentum heading into the broader U.S. bank earnings season.

1.2108

July 9, 2026Canadian Imperial Bank of Commerce shares declined amid a broad risk-off session after President Trump declared the Iran interim deal 'over,' sending oil prices surging more than 5% and triggering a global selloff in equities and financial stocks. The pullback comes despite a strong fundamental backdrop for CIBC: the bank recently beat Q2 earnings estimates ($1.86 vs. $1.78 consensus), posted 14% revenue growth year-over-year, launched a $500M AT1 capital notes offering, and secured approval for a 30-million share buyback alongside a new private infrastructure fund with JPMorgan. Royal Bank of Canada raised its price target on CIBC to $167 with an Outperform rating.

-1.6737

July 7, 2026Canadian Imperial Bank of Commerce edged higher, trading close to its 52-week high, as investors continued to digest a strong Q2 earnings beat and a series of capital market initiatives. CIBC recently secured approval for a 30-million share buyback, launched a private infrastructure fund with JPMorgan, and is actively tapping debt markets—including a US$500 million NVCC AT1 capital note offering filed today. The bank's one-year total shareholder return of over 71% has pushed shares above the consensus analyst price target of CA$155.18, sparking valuation debate, though some DCF models suggest meaningful upside remains. CIBC also weighed in on softer Bank of Canada business and consumer sentiment data, underscoring macro headwinds around Canadian lending concentration and net interest margin pressure.

0.4768

July 7, 2026Canadian Imperial Bank of Commerce closed higher, approaching its 52-week high of $117.05, as the broader financial sector gained alongside a Wall Street rally led by rebounding semiconductors. Analyst commentary remains constructive on CIBC, citing strong earnings momentum, ongoing share buybacks, and growth prospects from its expanding U.S. business and entry into private markets, though the compressed dividend yield of ~2.6% is noted as a tradeoff. On the product front, CIBC filed new Market-Linked Step Up Notes tied to equity measures, continuing its structured products activity in the U.S. market.

1.2818

July 3, 2026CIBC shares declined modestly, pulling back from a fresh 52-week high of C$162.05 hit earlier this week, as the bank announced a C$10 million proposed settlement of an NSF fee class-action lawsuit — a manageable sum that investors largely shrugged off given CIBC's strong Q2 earnings beat ($1.86 EPS vs. $1.78 consensus, revenue up 14% YoY). Canadian bank stocks had been a key driver of the TSX's strong Q2 performance, with CIBC among the top contributors, supported by resilient net interest income and capital markets growth. A soft U.S. jobs report weighed on broader financials sentiment late in the session.

-1.8696

MarketWatch · July 17, 2026Canadian Imperial Bank of Commerce stock rises Friday, outperforms marketGlobal Finance Magazine · July 17, 2026Butterfield Readies CIBC Caribbean PurchaseMarketWatch · July 17, 2026Canadian Imperial Bank of Commerce stock rises Thursday, outperforms marketStock Titan · July 17, 2026Canadian Imperial Bank of Commerce (NYSE: CM) sells MSCI EAFE-linked capped buffered notesMarketBeat · July 16, 2026Canadian Imperial Bank of Commerce (TSE:CM) Sets New 12-Month High - Time to Buy?MarketBeat · July 16, 2026Canadian Imperial Bank of Commerce (NYSE:CM) Reaches New 52-Week High - Time to Buy?Stock Titan · July 14, 2026High-risk Nasdaq-100 yield notes from Canadian Imperial Bank of Commerce (NYSE: CM)Yahoo! Finance Canada · July 4, 2026News of the day: Bay Street legend, CIBC settles class action, retirement portfolio advice, Wafr secures data centre funding, Toronto home sales and more
Mt Newswire · July 9, 2026CIBC Launches $500 Million Notes Offering in The U.S.
Mt Newswire · July 2, 2026CIBC Proposing C$10 Million Settlement of Non-Sufficient Finds Fees Class Action
Benzinga · June 16, 2026Scotiabank Maintains Sector Perform on Canadian Imperial Bank, Raises Price Target to C$157
Mt Newswire · June 4, 2026CIBC Says Received TSX Approval for Normal Course Issuer Bid
Mt Newswire · June 4, 2026CIBC Says Received TSX Approval for Normal Course Issuer Bid; Representing Approximately 3.3% of CIBC's Issued and Outstanding Common Shares as of May 31, 2026
Benzinga · June 1, 2026Barclays Maintains Overweight on Canadian Imperial Bank, Raises Price Target to C$144
Mt Newswire · June 1, 2026Canadian Imperial Bank of Commerce Shares Drop After Downgrade From Scotiabank
Mt Newswire · June 1, 2026CIBC Price Target Raised to $167 at RBC

Peers

S&P 500SPX · $7,457.69-1.01%Royal Bank of CanadaRY · $215.43-0.30%The Toronto-Dominion BankTD · $123.60-0.24%Bank of MontrealBMO · $181.97-0.36%The Bank of Nova ScotiaBNS · $89.43-0.23%National Bank of CanadaNA.TO · 234.06-0.12%Power Corporation of CanadaPOW.TO · 91.87+0.10%Manulife Financial CorporationMFC · $43.39+0.05%Sun Life Financial Inc.SLF · $81.78+0.20%Citigroup Inc.C · $129.37-1.78%Wells Fargo & CompanyWFC · $87.53-0.62%Bank of New York Mellon CorpBNY · $157.13-2.32%