Summer 2026
Posted on 5/9/2026
Full-service banking, wealth management, capital markets
$47/hr
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Chicago, IL, USA
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Bachelor's
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CIBC is a diversified bank serving individuals, businesses, and institutional investors through four units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It offers deposits, loans, credit cards, mortgages, investment management, and advisory services, generating revenue from interest, fees, and trading; services are delivered via branches and digital channels for a smooth client experience. Unlike some peers, CIBC emphasizes a client-centric approach, a broad product range, and a cross-border footprint in Canada and the United States, supported by ongoing digital transformation. Its goal is to serve about 13 million clients in North America with integrated financial services and continuously improve customer experience through digital tools.
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Media advisory - CIBC to speak at the 2026 Scotiabank Financials Summit. Sep 02, 2026, 09:00 ET TORONTO, Sept. 2, 2026 /CNW/ - Harry Culham, President and Chief Executive Officer, CIBC (TSX: CM) (NYSE: CM) will speak at the 2026 Scotiabank Financials Summit on Wednesday September 9, 2026. Mr. Culham is scheduled to speak at 11:10 a.m. ET. Interested parties may access the live audio webcast at https://www.cibc.com/ca/investor-relations/exctv-prsntatns-wbcsts.html. An archived version of the audio webcast will be available at the same location. About CIBC CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://www.cibc.com/en/about-cibc/media-centre.html. SOURCE CIBC - Investor Relations For further information: Investor Relations, Jason Patchett, 416-980-8691, [email protected]; Investor & Financial Communications, Erica Belling, 416-594-7251, [email protected]
CIBC (CM) posted another strong quarter, but margin and credit trends still need watching. Canadian Imperial Financial institution of Commerce (CM) reported one other stable quarter, however the newest outcomes additionally confirmed that a few of the best working tailwinds are now not one-way. In Q3 2026, CIBC grew income, web revenue, and adjusted earnings 12 months over 12 months, with broad-based power throughout its fundamental companies. On the identical time, web curiosity margin slipped sequentially, the CET1 ratio moved decrease from the prior quarter, and credit score prices on impaired loans remained an space to observe despite the fact that the headline provision quantity improved from Q2. What the newest reported quarter says concerning the present working story and the principle enterprise drivers. CIBC reported Q3 2026 income of $8,368 million, up from $7,254 million in Q3 2025 and from $8,006 million in Q2 2026. Reported web revenue was $2,409 million, in contrast with $2,096 million a 12 months earlier, whereas adjusted web revenue rose to $2,648 million from $2,104 million. Reported diluted EPS was $2.47 and adjusted diluted EPS was $2.73, versus $2.15 and $2.16, respectively, in Q3 2025. The quarter's working story was broad slightly than concentrated in a single franchise. Canadian Private and Enterprise Banking generated web revenue of $948 million, up $136 million 12 months over 12 months, helped by greater income from mortgage development and higher web curiosity margin. Canadian Industrial Banking and Wealth Administration added $619 million, up $21 million, whereas U.S. Industrial Banking and Wealth Administration contributed $320 million, up $66 million. Capital Markets was the most important year-over-year mover, with web revenue rising to $722 million from $540 million, supported by stronger world markets exercise and better lending and deposit income from company purchasers. Administration additionally pointed to AI and digital execution as a part of the quarter's working backdrop, together with an enterprise-wide agentic AI workspace and advisor instruments meant to enhance shopper service and productiveness. These initiatives don't drive the quarter on their very own, however they assist clarify why CIBC continues to spend into know-how even whereas making an attempt to carry on to optimistic working leverage. What the newest reported income combine, margins, balance-sheet context, and administration commentary indicate for traders now. The outcomes present a financial institution that's nonetheless producing sturdy earnings however not with out some inner trade-offs. Web curiosity margin on common interest-earning belongings was 1.63% in Q3 2026, down from 1.67% in Q2 2026, whereas the margin excluding buying and selling improved 12 months over 12 months to 2.07% from 1.94% in Q3 2025 and edged up from 2.05% in Q2 2026. That implies the core franchise continues to be pricing and rising effectively, however the total-bank combine shouldn't be transferring in a straight line. Capital stays stable, although much less considerable than 1 / 4 in the past. The CET1 ratio was 13.4% at July 31, 2026, down from 13.6% on the finish of Q2, whereas the leverage ratio was 4.3% and the liquidity protection ratio was 127%. Throughout the quarter, CIBC repurchased 5.5 million widespread shares at a median worth of $162.18 for a complete of $892 million underneath its energetic regular course issuer bid, and it additionally accomplished one other 2.0 million share repurchases at a median worth of $153.73 for $307 million underneath the earlier bid. There have been additionally notable objects within the quarter. CIBC stated Q3 2026 outcomes had been negatively affected by $269 million, or $232 million after tax, of fees tied to the introduced sale of CIBC Caribbean Financial institution Restricted, plus $10 million, or $7 million after tax, of amortization of acquisition-related intangibles. Even with these fees, the financial institution nonetheless produced double-digit year-over-year development in reported and adjusted earnings, which helps administration's declare that underlying momentum stays intact. What traders ought to watch subsequent. Credit score high quality is the clearest watch merchandise. CIBC's whole provision for credit score losses was $564 million in Q3 2026, up $5 million from the identical quarter final 12 months however down from $605 million in Q2 2026. The discharge additionally stated provisions on impaired loans had been greater 12 months over 12 months in Canadian Industrial Banking and Wealth Administration, Canadian Private and Enterprise Banking, and Capital Markets. Meaning the headline provision quantity appeared manageable, however stress contained in the impaired guide has not gone away. Margin route is the second factor to watch. If total-bank web curiosity margin retains easing from the Q2 stage, traders will need to see that quantity development, charge revenue, and Capital Markets exercise can hold offsetting that stress. The dividend declaration additionally issues as a sign of confidence: on August 27, 2026, CIBC declared a standard dividend of $1.07 per share for the quarter ending October 31, 2026. The broader takeaway is that CIBC nonetheless seems to be like a financial institution with wholesome earnings energy, diversified contributors, and sufficient capital to maintain returning cash to shareholders. The following take a look at is whether or not that power can persist if credit score normalization and margin stress develop into rather less forgiving. Key indicators for traders. * Q3 2026 income of $8,368 million and adjusted web revenue of $2,648 million present that CIBC's earnings development remained broad-based throughout client, industrial, wealth, U.S., and capital-markets companies. * Capital Markets and Canadian Private and Enterprise Banking had been the most important year-over-year earnings contributors, serving to offset pockets of margin and credit score stress elsewhere. * The CET1 ratio fell to 13.4% from 13.6% in Q2 2026 as CIBC stored shopping for again inventory, so capital stays sturdy however is being actively deployed. * Whole provision for credit score losses fell sequentially to $564 million, but greater impaired-loan provisions in a number of companies imply credit score high quality nonetheless deserves shut monitoring. * The $1.07 quarterly widespread dividend suggests administration stays assured, however the subsequent few quarters want to point out that margin combine and credit score developments keep underneath management.
CIBC Global Asset Management expands its Avantis CIBC suite of ETF offerings. Aug 27, 2026, 09:15 ET TORONTO, Aug. 27, 2026 /CNW/ - CIBC (TSX: CM) (NYSE: CM) - CIBC Global Asset Management (CIBC GAM) today announced the launch of three new Avantis CIBC ETFs, expanding its lineup of ETF offerings. Developed in collaboration with Avantis Investors, an investment offering from American Century Investments Inc., the ETFs provide broad market exposure, disciplined active oversight and convenient access through simple core portfolio solutions. The initial offering of units has closed, and the three ETFs begin trading today on the Toronto Stock Exchange. "We are pleased to introduce these new ETFs with Avantis Investors in one of the fastest-growing segments of the ETF market," said Greg Gipson, managing director and head of ETFs at CIBC Global Asset Management. "Building on the success of CAGE, these additions enhance our lineup of actively managed asset-allocation ETFs and give investors more choice across a range of investment objectives and risk tolerances." The Avantis CIBC ETFs launching today are set out below: | TSX Ticker | ETF Name | | CAKE | Avantis CIBC Balanced Asset Allocation ETF | | CAGR | Avantis CIBC Growth Asset Allocation ETF | | CAGX | Avantis CIBC World Equity ETF | "We have seen strong demand for complete asset-allocation solutions," said Phil McInnis, chief investment strategist at Avantis Investors. "That demand was reinforced in recent months through conversations with advisors across Canada. Following the successful launch of CAGE with CIBC Global Asset Management, we are pleased to build on that momentum with additional diversified, single-ticket solutions for advisors." More details about the new Avantis CIBC ETFs can be found on the CIBC website. CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, management fees and expenses all may be associated with investments in exchange traded funds (ETFs). Please read the CIBC ETFs prospectus and ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The material and/or its contents may not be reproduced without the express written consent of CIBC Global Asset Management. (R)/(TM) The CIBC logo and "CIBC Global Asset Management" are trademarks of CIBC, used under license. CIBC Global Asset Management is a brand name under which CIBC Asset Management Inc. operates. American Century Investments(R), Avantis(TM) and Avantis Investors(TM) are trademarks of American Century Proprietary Holdings Inc., used under license. American Century Investment Management, Inc. ("ACIM") is a US registered investment adviser pursuant to the Investment Advisers Act of 1940 of the Securities and Exchange Commission. ACIM is not registered pursuant to Canadian securities law and relies on exemptions from the requirement to register as an adviser in Canada. About CIBC CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre. CIBC Global Asset Management(TM)(CIBC GAM), the asset management subsidiary of CIBC, is one of Canada's largest asset managers. Established in 1972[1], CIBC GAM offers a broad range of investment solutions, including mutual funds, ETFs, portfolio solutions, alternative investments, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. With teams across Canada and the US, CIBC GAM serves retail, high-net-worth and institutional clients in North America and institutional clients worldwide. As of June 30, 2026, CIBC GAM managed $431 billion in assets under management.[2] For more information, visit cibc.com/gam or follow us on LinkedIn and YouTube. | / | [1] CIBC Global Asset Management (previously known as TAL Global Asset Management Inc.) was founded in 1972 as a privately-owned investment manager. CIBC took an ownership stake in 1994, eventually assuming 100% in 2001. | | / | [2] Includes $61 billion in notional currency, $139 billion in CIBC Private Wealth Advisors. Inc (US) assets and $31 billion in third-party sub-advised assets. All figures in CAD. As at June 30, 2026. | SOURCE CIBC For further information: Kira Smylie, CIBC Public Affairs, 416-980-2949 or [email protected].
CIBC reaches C$2.41 billion profit milestone with solid results. * Canadian Imperial Bank of Commerce reported fiscal third-quarter 2026 net income of C$2.41 billion, beating analyst estimates. * Revenue increased 15% year over year to C$8.37 billion, while adjusted net income rose 26%. * CIBC reported stronger returns and maintained focus on managing credit risks amid economic uncertainty. Canadian Imperial Bank of Commerce (NYSE:CM) reported fiscal third-quarter 2026 net income of C$2.41 billion, or C$2.47 per diluted share, as revenue increased 15% year over year to C$8.37 billion. The results compared with the prior-year period, with adjusted net income increasing 26% to C$2.65 billion and adjusted earnings per share reaching C$2.73, exceeding analyst expectations. CIBC reported adjusted return on equity of 16.8%, while provisions for credit losses increased slightly to C$564 million from C$559 million a year earlier as the bank continued managing credit conditions. The company stated that performance across its Canadian and U.S. businesses supported its quarterly results. The bank's third-quarter results reflected growth across its operations, with higher revenue contributing to increased adjusted earnings and improved profitability measures during the period. Canadian Imperial Bank of Commerce operates banking businesses across personal and commercial banking, wealth management, and capital markets in Canada and the United States. Frequently asked questions. CM signals
CIBC reports $2.4B Q3 profit up from $2.1B a year ago, revenue also higher. The Canadian Press TORONTO - CIBC says it earned $2.41 billion in its third quarter, up from $2.10 billion in the same quarter last year, helped by revenue growth across its business. The bank said Thursday the profit amounted to $2.47 per diluted share for the quarter ending July 31 compared with a profit of $2.15 per diluted share a year earlier. On an adjusted basis, CIBC says it earned $2.73 per diluted share for its latest quarter, up from an adjusted profit of $2.16 per diluted share in the same quarter last year. Revenue totalled $8.37 billion for the quarter, up from $7.25 billion a year earlier. CIBC's provision for credit losses amounted to $564 million compared with $559 million in the same quarter last year. Analysts on average had expected a profit of $2.53 per share and $8.03 billion in revenue, according to LSEG Data & Analytics. "We continue to accelerate the execution of our strategy, driving another quarter of strong financial results including double-digit growth in net income and a higher return on equity compared to a year ago," CIBC chief executive Harry Culham said in a statement. CIBC says its Canadian personal and business banking business earned $948 million for its third quarter, up from $812 million a year ago, helped by higher revenue, partially offset by higher non-interest expenses. The bank's Canadian commercial banking and wealth management business earned $619 million in its latest quarter, up from $598 million in same quarter last year. CIBC's U.S. commercial banking and wealth management business earned $320 million in its third quarter, up from $254 million a year ago, while its capital markets business earned $722 million in its latest quarter, up from $540 million a year ago. This report by The Canadian Press was first published Aug. 27, 2026. Companies in this story: (TSX:CM) The Canadian Press