Canadian Imperial Bank Of Commerce Swot Analysis

Company Overview

Canadian Imperial Bank of Commerce, also known as CIBC, is Canada’s fifth largest bank. Established in 1961, the bank that we know today was formed through the merging of the Canadian Bank of Commerce and the Imperial Bank of Canada. At the time, these two banks were the largest banks in Canada. CIBC’s head office is located at 199 Bay Street, Toronto, Ontario. This international company operates in Canada, Europe, the United States and the Asia Pacific region. CIBC`s vision is To be the leader in client relationships. They value Trust, Teamwork and Accountability. Their corporate objectives include building on their financial strength, unlocking value for reinvestment and to culture focus on client relationships. CIBC currently

has over 40 000 employees and counting with a wide variety of jobs from mortgage advisors to financial service representatives. It’s three major businesses include retail and business banking, wealth management and wholesale banking. Retail and Business Banking provides financial advice, as well as banking, investment and authorized insurance products that best meets the needs of their clients. Wealth Management provides clients with relationship-based advisory services and investment solutions that meet the needs of institutional, retail and high net worth clients. Wholesale Banking provides a variety of credit, capital market, investment banking, merchant banking and research products and services to the clients. CIBC provides financial products and services to 11 million clients across Canada including individual, small business, commercial, corporate and institutional clients. From 1 100 branches, CIBC provides financial advice, banking investment and authorized insurance products and services. CIBC has six functional groups: Technology and Operations; Corporate Development; Finance; Treasury; Administration; and Risk Management, which form part of Corporate and Other. These functional groups support the three main operating groups. CIBC currently has 397.34M shares in the stock market and currently give out dividends of $1.12 per share on common shares. With the highest stock price out of all the major banks in Canada, CIBC is the ranked the strongest bank in the world and third strongest in the world. Through CIBC branches, mobile advisors, and award winning telephone, online, and mobile banking channels, CIBC allows clients to bank anytime and anywhere.