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An update from Canadian Bank of Commerce ( (TSE:CM) ) is now available.
On January 13, 2026, Canadian Imperial Bank of Commerce filed a Form 6-K with the U.S. Securities and Exchange Commission reporting that it has entered into an underwriting agreement, dated January 6, 2026, for a US$700 million issuance of 6.500% Fixed Rate Reset Limited Recourse Capital Notes Series 9 (Non-Viability Contingent Capital) as subordinated indebtedness. The notes, issued under a subordinated indenture originally dated November 5, 2024 and a new third supplemental indenture, are backed by a limited recourse trust holding newly created Non-Cumulative 5-year Fixed Rate Reset Class A Preferred Shares Series 64, with common shares reserved for potential conversion upon a regulatory trigger event, underscoring CIBC’s ongoing use of NVCC-compliant capital instruments to support its funding and regulatory capital structure in the U.S. market.
The most recent analyst rating on (TSE:CM) stock is a Buy with a C$138.00 price target. To see the full list of analyst forecasts on Canadian Bank of Commerce stock, see the TSE:CM Stock Forecast page.
Spark’s Take on TSE:CM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CM is a Outperform.
The score is primarily supported by solid financial performance with strong revenue growth and healthy ROE, but capped by high leverage and weaker cash-flow conversion. Technicals are a positive contributor given the sustained uptrend and moderate momentum signals. Valuation is supportive with a reasonable P/E and a mid-single-digit dividend yield.
To see Spark’s full report on TSE:CM stock, click here.
More about Canadian Bank of Commerce
Canadian Imperial Bank of Commerce (CIBC) is a major Canadian bank chartered under the Bank Act (Canada), providing a broad range of banking and financial services. Listed in the United States as a foreign private issuer, it regularly raises funding in U.S. capital markets through registered offerings of senior and subordinated debt, preferred shares and other securities under a large, pre-filed shelf registration program.
Average Trading Volume: 2,747,260
Technical Sentiment Signal: Buy
Current Market Cap: C$117B
Find detailed analytics on CM stock on TipRanks’ Stock Analysis page.