Company
Canadian Imperial Bank of Commerce
Headquarters: Toronto, ON, Canada
Founded: June 1, 1961
Employees: 46,030
CEO: Mr. Victor G. Dodig
Market Cap
C$50.20 Billion
CAD as of Jan. 1, 2023
US$36.98 Billion
Canadian Imperial Bank of Commerce Categories
Canada
languages
Financials
languages
Banks
Canada Financials
Canada Banks
Company Description
The Canadian Imperial Bank of Commerce, commonly known as CIBC, is one of the largest banks in Canada, involved in retail and business banking, wealth management, and capital markets. CIBC has developed operations in the United States, the Caribbean, Asia, and Europe.
Top Competitors by Market Capitalization
Industry: Banks
| Company | Market Cap (USD) |
|---|---|
JPMorgan
|
$393.34 B |
|
Bank of America
|
$265.70 B |
ICBC
|
$215.80 B |
|
China Construction Bank
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$161.53 B |
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Wells Fargo
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$157.34 B |
Sector: Financials
| Company | Market Cap (USD) |
|---|---|
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Berkshire Hathaway
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$683.10 B |
|
Visa
|
$439.96 B |
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JPMorgan
|
$393.34 B |
|
Mastercard
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$334.33 B |
|
Bank of America
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$265.70 B |
Detailed Description
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, specialty, investing and wealth, and international services; correspondent banking and online foreign exchange services; and cash management services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
Key People
Victor G. Dodig (President and CEO) Katharine Stevenson (Chair of the Board)
Financials
Revenue: C$20.02 billion (2021)
Net income: C$6.45 billion (2021)
Total assets: C$837.68 billion (2021)
Total equity: C$45.83 billion (2021)