Caisse de depot et placement du Quebec Takes Position in Canadian Imperial Bank of Commerce $CM

Caisse de depot et placement du Quebec acquired a new stake in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 694,141 shares of the bank’s stock, valued at approximately $79,906,000. Caisse de depot et placement du Quebec owned 0.08% of Canadian Imperial Bank of Commerce as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd increased its stake in Canadian Imperial Bank of Commerce by 26.1% in the 4th quarter. FIL Ltd now owns 12,756,323 shares of the bank’s stock valued at $1,156,438,000 after purchasing an additional 2,643,495 shares in the last quarter. Bank of Nova Scotia boosted its position in Canadian Imperial Bank of Commerce by 0.5% during the first quarter. Bank of Nova Scotia now owns 12,683,488 shares of the bank’s stock worth $1,201,762,000 after purchasing an additional 57,210 shares in the last quarter. Cibc World Market Inc. grew its holdings in Canadian Imperial Bank of Commerce by 1.3% in the fourth quarter. Cibc World Market Inc. now owns 12,010,183 shares of the bank’s stock valued at $1,088,243,000 after purchasing an additional 158,634 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Canadian Imperial Bank of Commerce by 69.3% in the fourth quarter. Mackenzie Financial Corp now owns 10,800,606 shares of the bank’s stock valued at $986,173,000 after purchasing an additional 4,419,968 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Canadian Imperial Bank of Commerce in the fourth quarter valued at $958,383,000. Hedge funds and other institutional investors own 49.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James Financial reissued a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of Canadian Imperial Bank of Commerce from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, June 16th. TD Securities reiterated a “buy” rating on shares of Canadian Imperial Bank of Commerce in a research report on Wednesday, August 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Canadian Imperial Bank of Commerce in a research note on Friday, August 21st. They set a “market perform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Canadian Imperial Bank of Commerce Stock Performance

Shares of CM opened at $114.85 on Friday. Canadian Imperial Bank of Commerce has a 1 year low of $75.00 and a 1 year high of $124.86. The company’s 50 day simple moving average is $117.41 and its 200 day simple moving average is $108.96. The company has a market capitalization of $104.84 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.23 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last announced its quarterly earnings data on Thursday, August 27th. The bank reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $5.74 billion. Canadian Imperial Bank of Commerce had a return on equity of 16.31% and a net margin of 15.84%. On average, sell-side analysts predict that Canadian Imperial Bank of Commerce will post 7.41 EPS for the current year.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Monday, September 28th will be issued a $1.07 dividend. The ex-dividend date is Monday, September 28th. This represents a $4.28 annualized dividend and a yield of 3.7%. Canadian Imperial Bank of Commerce’s payout ratio is 42.58%.

Key Stories Impacting Canadian Imperial Bank of Commerce

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: CIBC reported third-quarter earnings of $1.96 per share, exceeding the $1.80 analyst consensus. Net income increased to $2.41 billion from $2.10 billion a year earlier, supported by growth in domestic banking, capital markets and U.S. operations. CIBC beats profit forecast on growth in domestic banking
• Positive Sentiment: Adjusted net income rose 26% to approximately $2.65 billion, while quarterly revenue reached $8.37 billion, indicating strong underlying operating momentum across several business lines. CIBC Announces Third Quarter 2026 Results
• Positive Sentiment: The bank declared a quarterly dividend of $1.07 per share, payable October 28 to shareholders of record September 28. The dividend represents an annualized yield of approximately 3.7%, supporting the stock’s income appeal.
• Neutral Sentiment: Analysts’ recent price targets remain above the current trading range, with a reported median target of $157, although targets do not guarantee future performance.
• Negative Sentiment: Results included $269 million in charges related to the planned sale of CIBC Caribbean Bank, which reduced reported earnings and made the profit beat less compelling to investors.
• Negative Sentiment: CIBC’s CET1 capital ratio slipped to 13.4% from 13.6% in the prior quarter. Management attributed the decline to the Caribbean-related charge, a minority investment closing and share repurchases, but the reduction added to investor caution.
• Negative Sentiment: The market reaction suggests investors were seeking cleaner results or stronger guidance after a substantial rally in Canadian bank shares. Profit-taking and elevated valuations likely amplified the pressure despite the earnings beat.

About Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce (NYSE: CM), commonly known as CIBC, is a major Canadian financial institution headquartered in Toronto. Formed in 1961 through the merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, CIBC is one of Canada’s largest banks and provides a broad range of banking and financial services to retail, small business, commercial and institutional clients.

CIBC’s activities span personal and business banking, wealth management, capital markets and corporate banking.