This morning a "Potential Dividend Run Alert" went out for Canadian Imperial Bank Of Commerce (Toronto, Ontario) (NYSE: CM), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we?First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its ex-dividend da ...

A plaque for CIBC in Toronto's Financial DistrictgettyRichard Jardim, Executive Vice President and Chief Information Officer of the Canadian Imperial Bank of Commerce (CIBC), has spent 14 years with the institution, five of them as CIO. In his role, he oversees a global team dedicated to delivering innovative, resilient technology solutions that strengthen CIBC’s position as a relationship-oriented financial institution.CIBC, headquartered in Toronto, reported more than 26.5 billion Canadian dollars in reve ...

Notice of Proposed Settlement and Supplemental Opt-Out Deadline for Certain Class MembersHave you held units of a CIBC Mutual Fund or Renaissance Mutual Fund through a discount broker?TORONTO, Sept. 12, 2025 /CNW/ - A class action settlement has been reached with Canadian Imperial Bank of Commerce and CIBC Trust Corporation for $26 million to resolve the claims asserted on behalf of all persons, wherever they may reside or be domiciled, who held or hold units of a CIBC Mutual Fund trust or a Renaissance Mut ...

Canadian Imperial Bank of Commerce (NYSE:CM) is one of the best dividend stocks to buy. On August 29, BMO Capital lifted its price target on CM to C$107 from C$112 and assigned an Outperform rating to the stock. The bank’s shares have experienced strong upward movement, posting a roughly 30% increase in six months. BMO raised its price target after CM reported better-than-expected earnings, with cash operating earnings per share of $2.16, beating BMO’s forecast of $1.99 by 9% and the Wall Street estimate ...

公司概况与战略定位 - 加拿大第五大银行 总部位于多伦多 业务涵盖零售银行、商业银行、投行、财富管理和保险分销[1][3][5] - 独特国际业务布局 重点覆盖拉丁美洲、加勒比地区、亚洲和美国市场 区别于以北美市场为主的同业[4][5][20] - 战略核心为平衡加拿大核心业务与高增长国际市场 通过跨境贸易服务和外汇产品实现跨辖区产品捆绑[4][6][8] 财务表现与估值 - 市值达1099.7亿加元 过去12个月营收317亿加元 净利润66.8亿加元[10][11][15] - 现金流表现强劲 经营现金流197.5亿加元 自由现金流194.4亿加元 支撑股息支付能力[11][14] - 估值倍数：追踪市盈率16.91倍 远期市盈率11.54倍 PEG比率1.01倍[12] 股息政策与股东回报 - 年度股息每股4.40加元 股息收益率4.98% 派息比率80.87%[13][14][16] - 股息同比增长1.89% 自由现金流收益率达17.67% 定位为收益型投资标的[13][14] 业务板块与运营结构 - 四大业务板块：加拿大银行（稳定存款和费用收入）、国际银行（高增长市场）、全球银行与市场（企业及资本市场服务）、财富管理[18][19][24] - 数字化平台建设降低获客成本 墨西哥和秘鲁零售网点现代化改造提升运营效率[6][19] - 风险管理框架强调信用质量、国家风险敞口限制和流动性缓冲 采用动态拨备应对周期性压力[6][21] 竞争地位与行业对比 - 国际业务差异化优势明显 相比加拿大皇家银行、多伦多道明银行等更聚焦北美的同业 具备收入多元化特性[4][7][20] - 非银行竞争对手包括Desjardins集团、宏利金融和永明金融等 需通过跨产品创新应对竞争[20] - 股本回报率约8.58% 反映成熟银行业经济特征 存在通过技术投资提升效率的空间[21] 历史沿革与治理架构 - 1832年成立于哈利法克斯 历经近两个世纪发展 关键里程碑包括19-20世纪国内分支扩张、战后企业银行业务增长及20世纪末国际扩张[23][26][32] - 管理层强调风险监督、资本规划和增长市场战略投资 董事会具备跨辖区监管经验的董事[28][29][33] - 所有权结构：机构持股比例51.90% 内部人持股0.02% 流通股数量12.4亿股[34][35] 市场地位与投资者结构 - 入选S&P/TSX综合指数 被被动型指数基金广泛持有 系统性重要地位显著[31][34][38] - 股价52周涨幅27.31% Beta值1.26显示对市场波动敏感性较高 空头兴趣占比2.75%[35] - 员工总数88,488人 为加拿大金融板块核心配置标的[31][38]

Question-and-Answer SessionLet's start off with market conditions in Canada. Despite concerns the impact of tariffs, a slowing economy, rising unemployment and the mortgage renewal cycle, results in both consumer and business and government sectors have held up well. Can you talk to some of the factors that you think of driving this resiliency in Canada? And how do you foresee these trends heading over the next 12 months?Robert SedranSenior EVP, CFO & Enterprise Strategy Yes. I might challenge that question ...

Canadian Imperial Bank of Commerce (NYSE:CM) FY Conference September 09, 2025 09:45 AM ET Company ParticipantsRobert Sedran - Senior EVP, CFO & Enterprise StrategyConference Call ParticipantsNone - AnalystNoneGood morning. Our next presentation comes from Canadian Imperial Bank of Commerce. With us, we have Rob Sedran, Senior Executive Vice President and Chief Financial Officer. Welcome, Rob.Robert SedranGood morning.NoneLet's start off with market conditions in Canada. Despite concerns of the impact of tar ...

Question-and-Answer SessionSo maybe starting with Victor, probably the most obvious question to ask you is just on any reflections you might have as you sort of look to step away? And a lot to be proud of in terms of how the stock has performed lately. And what are your sort of reflections on what CIBC looks like today versus what it might have been prior to your tenure in 2014 when you took over?Victor DodigPresident, CEO & Director Thanks, Mike. So good morning, everyone. This has been 11 years of this co ...

8月异常疲弱的美国非农就业数据，加之6月数据下修至负值，推动市场开始押注美联储本月将降息50个 基点。但加拿大帝国商业银行经济学家Timothy Musial认为投资者反应过度。目前多数押注仍集中在连 续25个基点的渐进式降息上，"我认为这种结果可能性更大"。Musial预计美联储在9月17日会议后将保 持政策灵活性，不会承诺10月降息。"当前GDP增速预估仍达3%，通胀水平也持续高于目标，"他补充 道。 来源：滚动播报 ...

业绩表现 - 加拿大六大银行2025年第三财季EPS平均超预期8.1% 其中加拿大皇家银行表现最突出超预期15.7% [1] - 六大银行2026年EPS一致预期较第三财季业绩公布前上调2.0% [1] - 强劲资本市场表现和上升净息差抵消了上升但可控信贷成本 [1] 资本状况与盈利潜力 - 六大银行平均CET1资本充足率为13.3% 处于超额资本状态 [1] - 凭借超额资本投放和GDP增长加快 2026年EPS仍有5%-10%上行潜力 [1] 市场反应与投资者情绪 - 业绩超预期引发股价过度反应 验证投资者在这些银行股仓位偏轻的观点 [2] - 全球已开发市场银行指数今年迄今都上涨至少10% 存在全球资金买盘 [2] 估值水平 - 加拿大银行股2026年P/E为12.1倍 美国银行股为12.5倍 欧洲银行股低于8倍 [3] - 加拿大银行股P/B为1.6倍 美国银行股为1.7倍 欧洲银行股为0.8倍 [3] 行业催化剂 - 美加贸易协定若落地将成为积极催化剂 推动企业从观望转向实际招聘/投资 [2] - 卡尼政府能否兑现竞选时"优先发展亲商政策"承诺成为市场关注点 [2] 行业地位与配置价值 - 银行股在加拿大TSX指数中权重高达20%-25% [3] - 全球资产管理公司希望加大对加拿大市场配置可能成为利好因素 [3] 并购前景 - ROE改善加上资本处于过剩水平引发市场对并购可能性的讨论 [3] - 加拿大皇家银行有兴趣拓展财富管理业务包括欧洲市场 [3] - 蒙特利尔银行对版图内收购持开放态度 正消化对加州西部银行的收购 [3] - 加拿大帝国商业银行在新CEO领导下不太可能进行大规模交易 但可能进行美国业务"补强式并购" [3] 宏观经济展望 - 美国银行经济团队预测2026年GDP同比增长1.5% [2] - 加拿大银行股成为获取宏观反弹敞口的优选 [2]