CIBC to Redeem $750 Million Capital Notes, Adjusting Capital Structure

An update from Canadian Bank of Commerce ( (TSE:CM) ) is now available.

CIBC announced its plan to redeem $750 million of its 4.375% Limited Recourse Capital Notes Series 1 on September 29, 2025, ceasing interest accrual from that date. This redemption, financed from CIBC’s general corporate funds, involves redeeming 750,000 Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares Series 53, impacting the bank’s capital structure and potentially influencing its financial strategy.

The most recent analyst rating on (TSE:CM) stock is a Hold with a C$102.00 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.

CIBC demonstrates robust financial performance and technical strength, supported by solid earnings growth and strategic focus on AI and digital enhancements. While valuation metrics are attractive, high leverage and increased provisions for credit losses pose potential risks. The earnings call highlighted significant growth in income and strategic advancements, contributing positively to the overall score.

To see Spark’s full report on TSE:CM stock, click here.

More about Canadian Bank of Commerce

CIBC is a leading North American financial institution serving 14 million clients across personal banking, business, public sector, and institutional sectors. The bank provides a comprehensive range of services in Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets through its digital banking network and physical locations in Canada, the United States, and globally.

Average Trading Volume: 2,971,459

Technical Sentiment Signal: Buy

Current Market Cap: C$95.35B

Learn more about CM stock on TipRanks’ Stock Analysis page.