CIBC

What CIBC does

CIBC (Canadian Imperial Bank of Commerce) is a Schedule I federally chartered Canadian bank and one of the country's "Big Six," founded in 1867 and headquartered in Toronto. It serves approximately 15 million clients across personal banking, small business, commercial banking, wealth management, and capital markets in Canada and the United States, with a wholly owned U.S. banking subsidiary (CIBC Bancorp USA Inc.), a wealth franchise built around Imperial Service, CIBC Wood Gundy (~1,400 Investment Advisors), CIBC Private Wealth, and CIBC Global Asset Management ($398B AUM as of Dec 31, 2025), and a capital markets arm (CIBC Capital Markets) that includes CIBC Innovation Banking for technology and innovation sector lending. CIBC is publicly listed on the TSX and NYSE under ticker CM, and reports through four segments: Canadian Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets.

Revenue is generated across net interest income (mortgages, business loans, capital markets financing), fee-based and wealth management income, capital markets and trading revenue, card and interchange revenue (Aventura, Aeroplan, Costco Mastercard, Dividend), and investment banking/project finance fees. Pricing spans subscription bundles (Smart Account, Aventura, Investor's Edge with 200 free trades and 180+ commission-free ETFs), usage-based products (Pace It installment plans at 6.99%/7.99%/8.99% over 6/12/24 months), multi-year contracts (mortgages at a 4.29% three-year fixed example), and transaction-fee services such as Global Money Transfer to 120+ countries and Foreign Cash in 65 currencies.

The technology and AI stack centers on the CIBC Mobile Banking App (iOS, Android, Apple Watch) and CIBC Online Banking, integrated with Apple Pay, Google Pay, Samsung Pay, Interac, Visa, and Mastercard, and embedding an AI virtual assistant, Smart Search, eDeposit, Smart Planner financial management, TransUnion-powered credit score, and biometric authentication. AI is deployed across core banking operations — saving approximately 1.2 million hours — with applications in fraud detection, credit monitoring, and decision-making; CIBC is an initial participant in Visa's Agentic Ready initiative. Distribution spans one of Canada's largest banking centre networks, mobile and inside sales advisors, Imperial Service, Wood Gundy, Private Wealth, Capital Markets institutional coverage, and a Hyderabad Global Capability Centre launching July 2026 with capacity for 2,000+ technology professionals. CIBC is in the process of divesting its 91.7% stake in CIBC Caribbean Bank to Butterfield for ~$1.794B (expected close H1 2027) and recently reorganized senior leadership and reporting into four segments.

Name

CIBC

Legal name

Canadian Imperial Bank of Commerce

Website

https://cibc.com

Company type

Public

Founded year

1867

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

CIBC is one of Canada's "Big Six" federally chartered banks, serving ~15 million personal, commercial, wealth, and capital markets clients across Canada and the U.S. through branch, digital, and institutional channels, with Q1 2026 net income of CAD $3.1B and $398B AUM in CIBC Global Asset Management.

Ownership category

akta.pro rank

Product category

Diversified Banking

NAICS

Commercial Banking (52211), Portfolio Management and Investment Advice (523940), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), Investment Advice (6282)

akta.pro primary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

akta.pro secondary industries

Consumer & Retail (CPG, Food, Apparel) (FSABACAM), Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM)

Keywords

• Retail banking services
• Commercial banking
• Wealth management
• Capital markets
• Project finance lending

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Net interest income: Revenue generated from CIBC's lending and deposit-taking businesses across personal, commercial, and wholesale banking, including mortgages, business loans, and capital markets financing. CIBC reported a $3.1 billion Q1 2026 profit beating analyst expectations with strong performance across multiple divisions despite challenging Canadian economic conditions.
2. Fee-based and wealth management income: Revenue from wealth management, asset management, trading, and fee-based services. CIBC shares gained 2.9% after Q1 2026 results boosted by wealth management and fee-based income. CIBC Global Asset Management managed $398 billion in AUM as of December 31, 2025.
3. Capital markets and trading revenue: Revenue from CIBC Capital Markets, including investment banking, trading, equities, debt underwriting, and institutional client services across Canadian, U.S., and international markets.
4. Card and interchange revenue: Revenue from CIBC credit cards including Aventura, Aeroplan co-branded, Costco Mastercard, and Dividend cards, plus interchange and merchant services.
5. Investment banking and project finance fees: Revenue from CIBC's role arranging construction loans, project finance, and large-scale debt facilities (e.g., $107.7M with Citizens Bank for Hunter's Branch; $482M debt facility for Arevon's Nighthawk project; multiple solar/storage project financings with MUFG, NatWest).

Pricing tiers

Go-to-market motion1 record

Distribution channels9 records

Marketing channels8 records

Core offering

CIBC is a Schedule I Canadian chartered bank delivering personal banking (chequing, savings, mortgages, credit cards, loans), small business and commercial banking, wealth management (Imperial Service, Wood Gundy, Private Wealth, Investor's Edge), and capital markets services (investment banking, trading, project finance) to approximately 15 million clients across Canada and the United States. It also operates CIBC Global Asset Management with $398 billion AUM and CIBC Innovation Banking for technology-sector growth lending.

Differentiator

Problem solved

Functional benefit

Brands

• CIBC Wood Gundy: Full-service investment advisory firm with nearly 1,400 Investment Advisors across Canada, backed by the research of CIBC World Markets
• CIBC Investor's Edge
• CIBC Imperial Service
• CIBC Private Wealth
• CIBC Global Asset Management
• CIBC Capital Markets
• CIBC Rewards
• CIBC Innovation Banking
• Avantis CIBC ETFs
• Counterpoint Global CIBC ETFs

Products and services

• CIBC Smart Account (Compte Intelli CIBC)
• CIBC Aventura Visa Infinite Card
• CIBC Costco Mastercard
• CIBC Mortgages (Fixed and Variable Rate)
• CIBC Personal Lending (Loans and Lines of Credit)
• CIBC Pace It (MonTempo CIBC) Installment Plans
• CIBC Foreign Cash
• CIBC Global Money Transfer
• CIBC Investment Grade Bond Funds
• Counterpoint Global CIBC ETFs
• Avantis CIBC ETFs
• CIBC Wood Gundy (Full-Service Investment Advisory)
• CIBC Investor's Edge (Self-Directed Investing)
• CIBC Imperial Service (Wealth Advisory for Mass Affluent)
• CIBC Private Wealth Management
• CIBC Innovation Banking
• CIBC Capital Markets (CIBC World Markets)
• CIBC SpaceX Canadian Depositary Receipt (CDR)
• CIBC Payment Protector Insurance
• CIBC Small Business Banking
• CIBC Commercial Banking

Quantifiable outcome

• AI saved CIBC 1.2 million hours across core banking operations
• +5 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability13 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• Ontario Securities Commission (OSC) / SpaceX CDRflagshipOthers · 12 June 2026CIBC launched the first Canadian Depository Receipt (CDR) offering exposure to SpaceX on the Toronto Stock Exchange after the OSC amended CDR issuance standards to accommodate private companies like SpaceX.
• Bank of N.T. Butterfield & Son LimitedcoreStrategic or Co-development Partner · 31 May 2026Butterfield announced a definitive agreement to acquire CIBC's 91.7% ownership stake in CIBC Caribbean Bank Limited for approximately $1.794 billion ($1.091B cash + $703M Butterfield shares). Combined entity will have ~$29 billion in assets with 12% GAAP EPS accretion expected; Butterfield will maintain CIBC Caribbean's Barbados headquarters.
• Morgan Stanley Investment Management (Counterpoint Global)flagshipStrategic or Co-development Partner · 28 May 2026CIBC Global Asset Management launched four new Counterpoint Global CIBC ETFs in collaboration with Morgan Stanley Investment Management's Counterpoint Global team. The ETFs began trading on the Toronto Stock Exchange and offer global, international, and U.S. equity mandates. Counterpoint Global manages $23.7 billion in AUM as of March 31, 2026.
• Matthew Schaefer (NHL Rookie of the Year)flagshipGTM or Marketing Partner · 13 May 2026CIBC signed professional hockey player Matthew Schaefer as a Team CIBC athlete ambassador following his Rookie of the Year season, with focus on community outreach, fan engagement, and charitable initiatives particularly around cancer research and support programs.
• Existing Team CIBC Athletes (Connor McDavid, Connor Bedard, Christine Sinclair, Marielle Thompson)flagshipGTM or Marketing Partner · 13 May 2026Pre-existing roster of high-profile athlete ambassadors who drive CIBC's sports marketing strategy and community engagement across North America, including NHL, soccer, and skiing.
• Toronto Tempo (WNBA)coreGTM or Marketing Partner · 13 May 2026CIBC partnered with Toronto Tempo on the Tempo Impact social impact platform aimed at improving the health and wellbeing of girls and women across Canada, supporting physical, mental, and social health investments and programs.
• Visa (Agentic Ready Initiative)coreTechnology or Integration · 8 May 2026CIBC is one of Canada's five major banks (alongside BMO, RBC, Scotiabank, TD) that have signed on as initial participants in Visa's Agentic Ready initiative, which provides a secure testing environment to handle AI agent-initiated transactions as part of the shift toward agentic commerce.
• American Century Investments (Avantis Investors)coreStrategic or Co-development Partner · 3 March 2026American Century and CIBC launched four Avantis ETFs in Canada, expanding CIBC Asset Management's product lineup. CIBC Asset Management also launched 4 Avantis CIBC ETFs in February.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Citigroup: Global U.S.-headquartered bank with retail, commercial, wealth, and institutional franchises across more than 90 countries. Comparable to CIBC in capital-markets and project-finance deal participation, particularly in emerging markets and cross-border corporate banking.
• HSBC Holdings: Global universal bank with strong cross-border and trade-finance capabilities, including in Canada. Comparable to CIBC's Global Money Transfer, FX (CIBC Foreign Cash), and commercial-banking cross-border offerings, though HSBC is much larger and globally diversified.
• Bank of America: Major U.S. retail and commercial bank with Merrill wealth management and BofA Securities capital markets. Comparable to CIBC in scale, multi-segment structure, and digital banking investments, but operates from a U.S. base with much greater scale.
• JPMorgan Chase: Largest U.S. bank with global investment banking, commercial banking, and asset management (J.P. Morgan, Chase). Competitively overlaps CIBC Capital Markets in U.S. project finance (where JPMorgan is a frequent co-arranger) and is a broad incumbent on the institutional side.

Others

• Manulife Financial: Canada-headquartered global financial services group with overlapping wealth management, insurance, and asset management (Manulife Investment Management). Adjacent competitor to CIBC Private Wealth, CIBC Global Asset Management, and Imperial Service in the Canadian mass-affluent and high-net-worth segments.

Direct peers

• Toronto-Dominion Bank (TD): One of Canada's 'Big Six' banks with comparable retail-banking depth in Canada and a major U.S. retail footprint via TD Bank, America's Most Convenient Bank. TD competes with CIBC in personal/commercial banking, credit cards, wealth (TD Wealth), and capital markets, and is the closest U.S.-retail-comparable peer.
• Bank of Montreal (BMO): Canada's fourth-largest bank and a 'Big Six' peer with overlapping personal, commercial (BMO Commercial Bank), wealth (BMO Wealth Management), and capital markets (BMO Capital Markets) franchises. BMO has comparable U.S. expansion (Bank of the West acquisition) and competes with CIBC on project finance and innovation banking.
• Scotiabank: Canada's third-largest 'Big Six' bank with a strong international footprint (Latin America, Caribbean). Scotiabank competes directly with CIBC across all four business segments and offers a similar product set including Scotiabank Global Asset Management and Scotia Capital.
• Royal Bank of Canada (RBC): Canada's largest bank by market cap and a fellow 'Big Six' Schedule I chartered bank. RBC competes directly with CIBC across personal banking, commercial banking, wealth management (RBC Wealth Management, RBC Dominion Securities), and capital markets in Canada and the U.S., and is the most direct comparable for size and product breadth.
• National Bank of Canada: Canada's sixth-largest 'Big Six' bank and a direct competitor particularly in Quebec and across personal/commercial/wealth segments. National Bank is comparable in capital-markets advisory (National Bank Financial Markets) and competes with CIBC's Wood Gundy and Innovation Banking franchises.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cibc
• YouTubeyoutube.com/user/CIBCVideos
• Facebookfacebook.com/CIBC
• LinkedInlinkedin.com/company/cibc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries9 records

Funding overview

Funding rounds7 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments129 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIBC