CNDIF CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
Price Chart
Executive Summary
CIBC announced its intention to repurchase up to 30 million common shares (approximately 3.3% of outstanding shares) under a normal course issuer bid, subject to TSX approval. The previous NCIB for up to 20 million shares was fully executed at an average price of C$129.68 per share for a total of C$2.6 billion. This is a routine capital return program for a large Canadian bank, not a material change in fundamentals.
Actionable Insight
The NCIB is a modest capital return signal consistent with CIBC's prior practice. No financial results or guidance were provided. Monitor upcoming quarterly earnings for capital ratio updates and actual buyback execution pace.
Key Facts
- CIBC intends to repurchase up to 30 million common shares for cancellation under a normal course issuer bid, subject to TSX approval.
- The shares represent approximately 3.3% of outstanding common shares as of April 30, 2026.
- The previous NCIB for up to 20 million shares ran from September 10, 2025 to May 25, 2026 and was fully executed at an average price of C$129.68 per share for C$2.6 billion.
- Purchases will be made on the TSX, alternative Canadian trading systems, or the NYSE at market prices.
- The bid would commence after TSX acceptance and continue for up to one year.
Financial Impact
Up to 30 million shares (3.3% of outstanding) to be repurchased at market prices; prior NCIB was C$2.6 billion for 20 million shares at C$129.68 average.
Risk Factors
- The bid is subject to TSX approval and may not be fully executed depending on market conditions and regulatory constraints.
- Capital return reduces CET1 ratio, which could limit flexibility if economic conditions deteriorate.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001279569-26-000492 |
| Exhibit: ex991.htm | 0001279569-26-000492 |
| Document: 0001279569-26-000492-index-headers.html | 0001279569-26-000492 |
| Document: 0001279569-26-000492-index.html | 0001279569-26-000492 |
| Document: 0001279569-26-000492.txt | 0001279569-26-000492 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
today
|
EFFECT
| — | awaiting T+1 | — | — |
|
Jun 4, 2026
1d ago
|
424B5
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
Jun 4, 2026
1d ago
|
424B5
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
Jun 4, 2026
1d ago
|
424B5 / 6-K
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
Jun 4, 2026
1d ago
|
424B5
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
Jun 4, 2026
1d ago
|
424B5
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
Jun 4, 2026
1d ago
|
424B5
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
Jun 4, 2026
1d ago
|
424B5
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
Jun 4, 2026
1d ago
|
424B5
| $0.4656 $0.4500 | ▼ −3.35% | ▼ −0.78% | $0.4500 (−3.35%) |
|
May 28, 2026
8d ago
|
6-K
| $0.4880 $0.4880 | · 0.00% | ▼ −0.24% | $0.4500 (−7.79%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access