CIBC
Links Canadian banking with U.S. commercial, wealth, and capital-markets operations.
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Profile
Provides personal and business banking, commercial banking and wealth management in Canada, alongside a distinct U.S. commercial-and-wealth platform and Capital Markets. The model relies on deposit funding, credit performance, regulated capital and liquidity, and coordination across its Canadian and U.S. operations.
Combines Canadian Personal and Business Banking with Canadian Commercial Banking and Wealth Management, forming the core of a diversified banking franchise rooted in Canada. U.S. Commercial Banking and Wealth Management adds a distinct cross-border platform, while Capital Markets completes the business mix.
Built the U.S. platform around the Atlantic Trust and PrivateBancorp acquisitions after an earlier reduction in wholesale risk. Digital-first personal banking, affluent and private wealth, cross-business connectivity, and simplification are stated operating priorities.
Governed by Canada's Bank Act, the model depends on regulated capital and liquidity, credit performance across lending books, deposit funding, and coordination among Canadian, U.S., wealth, and capital-markets operations.
Company facts
Key statistics
Year to date +24.5% · Average volume (30d) 845.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Aug 4, 2026 | Desjardins | Downgrade | Buy | Hold |
| Jan 9, 2025 | RBC Capital | Upgrade | Sector Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 27, 2026Q3 FY26 | $1.80 | $1.96 | +8.9% | $5.74B | $5.97B | +3.9% | −2.84% |
| May 28, 2026Q2 FY26 | $1.78 | $1.86 | +4.5% | $5.86B | $5.89B | +0.6% | −0.69% |
| Feb 26, 2026Q1 FY26 | $1.74 | $1.99 | +14.4% | $5.65B | $6.16B | +9.1% | −2.69% |
| Dec 4, 2025Q4 FY25 | $1.49 | $1.57 | +5.4% | $5.50B | $7.55B | +37.2% | +0.64% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $10.83B | $10.98B | $11.16B | $11.39B | $10.95B | $11.66B | |
| Gross profit | $4.59B | $4.80B | $5.00B | $5.59B | $5.29B | $5.59B | |
| Operating income | $1.87B | $1.96B | $2.01B | $2.52B | $2.30B | $2.24B | |
| Net income | $1.44B | $1.51B | $1.56B | $2.23B | $1.77B | $1.73B | |
| Diluted EPS | $1.47 | $1.55 | $1.58 | $2.31 | $1.82 | $1.78 | |
| Gross margin | 42.4% | 43.7% | 44.8% | 49.0% | 48.3% | 47.9% | |
| Operating margin | 17.3% | 17.8% | 18.0% | 22.1% | 21.0% | 19.2% |
Fiscal years (4-quarter sums)FY21 $16.72B · FY22 $22.51B · FY23 $39.92B · FY24 $46.05B · FY25 $44.60B
Balance sheet, Jul 31, 2026Cash & short-term investments $11.03B · Total debt $115.45B · Total assets $847.66B · Shareholders' equity $48.36B
Dividends
Raised for 3 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 29, 2026 | Jun 29 | Jul 28 | $0.7529 | cut from $0.7708 |
| Mar 27, 2026 | Mar 27 | Apr 28 | $0.7708 | cut from $0.7827 |
| Dec 29, 2025 | Dec 29 | Jan 28 | $0.7827 | raised from $0.6976 |
| Sep 29, 2025 | Sep 29 | Oct 28 | $0.6976 | cut from $0.7098 |
| Jun 27, 2025 | Jun 27 | Jul 28 | $0.7098 | raised from $0.6791 |
| Mar 28, 2025 | Mar 28 | Apr 28 | $0.6791 | cut from $0.69 |
| Dec 27, 2024 | Dec 27 | Jan 28 | $0.69 | raised from $0.668 |
| Sep 27, 2024 | Sep 27 | Oct 28 | $0.668 | raised from $0.657 |
Ownership
Shares outstanding 926.61M · Float 913.75M · 98.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Royal Bank of Canada | 63.56M | 6.86% | 13F | Aug 14, 2026 |
| Vanguard Capital Management | 45.90M | 5.01% | 13G | Jul 31, 2026 |
| Bank of Montreal /Can/ | 42.55M | 4.59% | 13F | Aug 12, 2026 |
| TD Asset Management Inc | 19.91M | 2.15% | 13F | Aug 4, 2026 |
| Toronto Dominion Bank | 14.50M | 1.56% | 13F | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Royal Bank of Canada
Broadest Canadian overlap across banking, wealth and capital markets
- Toronto-Dominion Bank
Canadian banking, U.S. banking, wealth and wholesale overlap
- Bank of Montreal
Direct North American overlap, including U.S. commercial banking
- Scotiabank
Canadian banking, wealth management and wholesale banking overlap
- Nano Labs (ADR)
Smaller but broad Canadian banking, wealth and markets competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CIBC | $114.24 | −0.10% | $105.94B | 15.3 | 14.4 | 2.3 | −17.4% |
| Royal Bank of Canada | $204.20 | −0.03% | $283.83B | 17.9 | 16.3 | 2.8 | −22.1% |
| Toronto-Dominion Bank | $120.19 | −0.90% | $204.85B | 18.1 | 15.8 | 2.5 | −22.1% |
| Bank of Montreal | $171.86 | −0.04% | $120.37B | 19.6 | 14.7 | 2.2 | −20.6% |
| Scotiabank | $92.09 | −0.31% | $112.63B | 16.8 | 13.8 | 2.2 | −42.3% |
| Nano Labs (ADR) | $2.14 | −4.89% | $149.5M | 0.0 | — | 0.0 | −66.1% |
| Median | 17.9 | 15.3 | 2.2 | −22.1% |