CIBC to Shift CDR Listings to Toronto Stock Exchange

Canadian Bank of Commerce ( (TSE:CM) ) has shared an update.

CIBC announced its plan to transfer the listing of its Canadian Depositary Receipts (CDRs) from Cboe Canada Inc. to the Toronto Stock Exchange (TSX), with conditional approval already secured. This strategic move, expected to be completed by December 23, 2025, aims to enhance the visibility and accessibility of CIBC’s CDR offerings, potentially strengthening its market position and benefiting stakeholders by aligning with a more prominent exchange.

The most recent analyst rating on (TSE:CM) stock is a Hold with a C$129.00 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 overall stock score of 74 reflects strong technical indicators and a positive earnings call, highlighting robust financial performance and growth prospects. However, challenges with high leverage and declining cash flow growth temper the score. The valuation is fair, and the dividend yield adds to the stock’s attractiveness.

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

More about Canadian Bank of Commerce

CIBC is a prominent North American financial institution serving 15 million clients across personal banking, business, public sector, and institutional sectors. It provides a comprehensive array 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.

YTD Price Performance: 44.97%

Average Trading Volume: 2,858,608

Technical Sentiment Signal: Buy

Current Market Cap: C$118.5B

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