Norges Bank Invests $958.38 Million in Canadian Imperial Bank of Commerce $CM

Norges Bank acquired a new position in Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 10,571,669 shares of the bank’s stock, valued at approximately $958,383,000.

Several other large investors have also recently modified their holdings of CM. Sivia Capital Partners LLC purchased a new position in shares of Canadian Imperial Bank of Commerce in the second quarter worth about $262,000. EverSource Wealth Advisors LLC increased its holdings in shares of Canadian Imperial Bank of Commerce by 12.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,801 shares of the bank’s stock worth $128,000 after buying an additional 193 shares during the period. Brown Advisory Inc. increased its holdings in shares of Canadian Imperial Bank of Commerce by 2.6% in the second quarter. Brown Advisory Inc. now owns 6,277 shares of the bank’s stock worth $445,000 after buying an additional 160 shares during the period. Qube Research & Technologies Ltd increased its holdings in Canadian Imperial Bank of Commerce by 74.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 336,017 shares of the bank’s stock valued at $23,833,000 after purchasing an additional 143,588 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Canadian Imperial Bank of Commerce by 7,315.0% during the 2nd quarter. NewEdge Advisors LLC now owns 2,966 shares of the bank’s stock valued at $210,000 after purchasing an additional 2,926 shares during the period. Hedge funds and other institutional investors own 49.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CM has been the topic of a number of research analyst reports. Zacks Research downgraded Canadian Imperial Bank of Commerce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded Canadian Imperial Bank of Commerce from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 22nd. Raymond James Financial restated a “market perform” rating on shares of Canadian Imperial Bank of Commerce in a report on Tuesday, May 12th. Jefferies Financial Group restated a “hold” rating on shares of Canadian Imperial Bank of Commerce in a report on Thursday. Finally, Scotiabank restated an “outperform” rating on shares of Canadian Imperial Bank of Commerce in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Canadian Imperial Bank of Commerce Trading Down 0.6%

NYSE CM opened at $108.84 on Friday. Canadian Imperial Bank of Commerce has a 12 month low of $67.28 and a 12 month high of $117.05. The stock has a market cap of $99.57 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.14 and a beta of 1.05. The stock’s fifty day moving average price is $105.94 and its 200-day moving average price is $97.44. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13.

Canadian Imperial Bank of Commerce (NYSE:CM) (TSE:CM) last released its earnings results on Thursday, May 28th. The bank reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.08. Canadian Imperial Bank of Commerce had a return on equity of 16.43% and a net margin of 15.84%.The firm had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.86 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, equities analysts forecast that Canadian Imperial Bank of Commerce will post 7.43 EPS for the current fiscal year.

Canadian Imperial Bank of Commerce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Monday, June 29th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, June 29th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.9%. Canadian Imperial Bank of Commerce’s dividend payout ratio (DPR) is presently 43.13%.

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

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.