Geode Capital Management LLC Has $824.80 Million Position in Canadian Imperial Bank of Commerce $CM

Geode Capital Management LLC boosted its holdings in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,953,881 shares of the bank’s stock after purchasing an additional 555,220 shares during the quarter. Geode Capital Management LLC’s holdings in Canadian Imperial Bank of Commerce were worth $824,799,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CM. Expressive Wealth LLC purchased a new stake in Canadian Imperial Bank of Commerce in the 4th quarter valued at $304,000. Fisher Asset Management LLC grew its position in Canadian Imperial Bank of Commerce by 24.6% in the 4th quarter. Fisher Asset Management LLC now owns 2,102,615 shares of the bank’s stock worth $190,518,000 after purchasing an additional 415,799 shares in the last quarter. Legal & General Group Plc grew its position in Canadian Imperial Bank of Commerce by 2.0% in the 4th quarter. Legal & General Group Plc now owns 6,475,253 shares of the bank’s stock worth $587,790,000 after purchasing an additional 125,069 shares in the last quarter. Genus Capital Management Inc. boosted its position in Canadian Imperial Bank of Commerce by 104.6% in the fourth quarter. Genus Capital Management Inc. now owns 99,055 shares of the bank’s stock worth $8,992,000 after purchasing an additional 50,630 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Canadian Imperial Bank of Commerce in the fourth quarter worth $240,000. Institutional investors own 49.88% of the company’s stock.

Analyst Ratings Changes

CM has been the subject of a number of recent research reports. Barclays raised Canadian Imperial Bank of Commerce from an “underweight” rating to an “overweight” rating in a research report on Thursday, February 19th. Raymond James Financial reissued a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Tuesday, May 12th. Zacks Research lowered shares of Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a research note on Thursday. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.00.

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 delivered better-than-expected Q2 2026 results, with EPS of $1.86 topping estimates and revenue of $5.89 billion also slightly ahead of forecasts. Management said the bank saw growth across all businesses, supported by stronger trading revenue and broad-based momentum. MarketBeat earnings report
• Positive Sentiment: The bank announced a new quarterly dividend of $1.07 per share, reinforcing its capital return profile and implying a dividend yield around 3.9%. Dividend announcement
• Positive Sentiment: CIBC also launched a new share buyback plan to repurchase up to 30 million shares, which can support earnings per share and signals management confidence in the stock. Buyback announcement
• Neutral Sentiment: The company is reshaping its senior leadership team to improve execution and drive North American growth, a strategic change that could help over time but is not an immediate earnings driver. Leadership changes
• Negative Sentiment: Offsetting the upbeat earnings, CIBC agreed to sell its Caribbean business for about US$1.6 billion, and the market appears to be weighing whether the transaction signals lower international growth exposure or strategic retrenchment. Caribbean sale

Canadian Imperial Bank of Commerce Stock Performance

CM opened at $108.84 on Friday. The stock has a market capitalization of $99.57 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.15 and a beta of 1.05. The company has a fifty day moving average of $105.94 and a 200 day moving average of $97.44. Canadian Imperial Bank of Commerce has a fifty-two week low of $67.28 and a fifty-two week high of $117.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.02 and a current ratio of 1.02.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last posted its earnings results on Thursday, May 28th. The bank reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.08. The company had revenue of $5.89 billion during the quarter, compared to analysts’ expectations of $5.86 billion. Canadian Imperial Bank of Commerce had a net margin of 15.84% and a return on equity of 16.43%. Canadian Imperial Bank of Commerce’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the company posted $2.05 earnings per share. As a group, sell-side analysts forecast that Canadian Imperial Bank of Commerce will post 7.48 earnings per share for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Monday, June 29th will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $4.28 dividend on an annualized basis and a yield of 3.9%. Canadian Imperial Bank of Commerce’s dividend payout ratio is presently 45.77%.

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.