CIBC's Competitors, Revenue, Number of Employees, Funding and Acquisitions

CIBC offers banking services such as bank accounts, mortgages, loans, insurance, investments and financial advice.

CIBC i... Read more

Followers on Owler

18,569

Followers on Owler

Annual Revenue

Employees

President & CEO

Victor Dodig

CEO Approval Rating

66/100

OVERVIEW

Founded:

1867

Headquarters:

TorontoOntario

Status:

PublicTMX Group - Toronto Stock ExchangeCM

Industry Sector:

Banks

SIC Code:

6199NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is National Bank of Canada a competitor of CIBC?

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

RBC is CIBC's #1 competitor. RBC is a Public company that was founded in 1869 in Toronto, Ontario. RBC is in the Banks industry. Compared to CIBC, RBC has 40,780 more employees.

TD Bank is seen as one of CIBC's biggest rivals. TD Bank was founded in Toronto, Ontario} in 1855. TD Bank is in the Banks field. Compared to CIBC, TD Bank generates $15B more revenue.

Scotiabank is one of CIBC's top competitors. Scotiabank is headquartered in Toronto, Ontario, and was founded in 1832. Scotiabank competes in the Banks industry. Scotiabank generates 161% the revenue of CIBC.

Victor Dodig

President & CEO

- -

44,220

$14.6B

David I. McKay

President & CEO

84/100

80,000

- -

$35.1B

Bharat Masrani

President & CEO

68/100

81,233

- -

$29.6B

Brian J. Porter

President & CEO

70/100

88,804

- -

$23.7B

Darryl White

CEO

71/100

21,832

$67.2M

$17.5B

Louis Vachon

President & CEO

64/100

25,487

- -

$5.7B

William Downe

President & CEO

73/100

883

- -

$95M

François Desjardins

President & CEO

66/100

88,900

- -

$13.1B

Guy Cormier

President & CEO

65/100

47,655

$45M

$17.3B

Chris Fowler

President & CEO

64/100

2,100

- -

$640.1M

Sandra Stuart

President & CEO

68/100

365

- -

$53.5M

The top 10 competitors in CIBC's competitive set are RBC, TD Bank, Scotiabank, BMO, National Bank of Canada, BMO Harris Bank, Laurentian Bank, Desjardins, Canadian Western Bank and HSBC Bank Canada. Together they have raised over 112.2M between their estimated 373.2K employees. CIBC has 44,220 employees and is ranked 6th among it's top 10 competitors. The top 10 competitors average 43,770.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$14.6B

CIBC's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 14.3B. Over the last three quarters, CIBC's revenue has grown by 1%. Specifically, in Q3 2019's revenue was $3.9B; in Q2 2019, it was $3.7B; in Q1 2019, it was $3.9B.

Acquisitions

COMPANY ACQUIRED

ACQUISITION DATE

AMOUNT

DESCRIPTION

Cleary Gull, Inc.

Jul 2019

Source »

undisclosed

Cleary Gull provides mergers, acquisitions, private capital placement and debt advisory services.

-

Jan 2018

Source »

undisclosed

Geneva Advisors

Jul 2017

Source »

$135M

Geneva Advisors is a wealth management company that offers equity and fixed income strategies, investment management and financial advisory solutions.

Privatebancorp, Inc

Jun 2016

Source »

$3.8B

The PrivateBank provides retail and commercial banking products that includes deposit accounts, consumer lending and financial advisory services.

These are all the companies that CIBC has acquired. CIBC has acquired 4 companies and its latest acquisition was Cleary Gull, Inc. in Jul 2019. Cleary Gull provides mergers, acquisitions, private capital placement and debt advisory services.

Investments

Aquatic Informatics provides water data management, analytics and compliance solutions for mining, municipality and hydropower sectors.

$8M

Jan 20, 2020

Debt

ePACT is a SaaS-based security platform that provides emergency management solutions for financial, healthcare and transportation sectors.

$2.5M

Jan 16, 2020

Debt

Otodata designs, develops and manufactures IoT-based remote sensing products for tank monitoring and telematics applications.

$7.5M

Jan 15, 2020

Equity

Receipt Bank develops a SaaS-based platform that automates the collection and data extraction of receipts and invoices for businesses.

$73M

Jan 02, 2020

Series C

S&W specializes in agricultural breeding, production and processing for the alfalfa, sunflower, sorghum species and stevia industries.

$35M

Dec 29, 2019

Debt

May 03, 2010

These are all the companies that CIBC has invested in. CIBC has invested 4 companies and its latest investment was Cleary Gull, Inc. in Jul 2019. Cleary Gull provides mergers, acquisitions, private capital placement and debt advisory services.

CIBC News

See all articles »

January 31, 2020Reuters

CIBC planning layoffs to cut costs

Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo ob... See more »

January 30, 2020Winnipeg Free Press

CIBC cutting undisclosed number of employees in coming months, CEO says in memo

TORONTO - CIBC is cutting an undisclosed number of positions as the bank continues to cut costs and i... See more »

January 30, 2020Reuters

Canadian lender CIBC flags layoffs as it battles challenging environment

Canadian Imperial Bank of Commerce became the second Canadian bank in as many months to reveal lay of... See more »

January 24, 2020Betakit

Aquatic Informatics, Commerce.js, Simply Benefits

Three Canadian startups have announced fresh funding rounds to fuel their growth. Here's the latest o... See more »

January 21, 2020MarketScreener

Provides Water Data Management Software Provider, Aquatic Informatics, With $8 Million Growth Capital Financing to Support Expansion

(marketscreener.com) CIBC Innovation Banking is pleased to announce an $8 million debt financing with... See more »

January 20, 2020Seeking Alpha

A Safe Play For Solid Returns

January 17, 2020MarketScreener

BlackRock to Focus on Sustainable Investments

(marketscreener.com) Posted on January 17, 2020 by Editor This week investment powerhouse BlackRock -... See more »

CIBC Press Releases

See all articles »

September 27, 2019StreetInsider

City Leaders Join CIBC for Little Village Ribbon Cutting

CHICAGO, Sept. 27, 2019 /PRNewswire/ -Â CIBC marked the grand opening of its newest banking center in... See more »

September 20, 2019StreetInsider

CIBC announces no changes to the CIBC Atlas Clean Energy Index

DENVER, Sept. 20, 2019 /PRNewswire/ -Â CIBC (NYSE: CM) (TSX: CM) today announced there will be no con... See more »

April 22, 2019PR Newswire

CIBC Bank USA Earns "Outstanding" CRA Rating

CHICAGO, April 22, 2019 /PRNewswire/ - CIBC today announced that CIBC Bank USA received an "outstandi... See more »

April 3, 2019PR Newswire

CIBC Innovation Banking provides Geoforce with flexible $5 million working capital financing

DENVER, CO and PLANO, TX, April 3, 2019 /PRNewswire/ - CIBC Innovation Banking has provided $5 millio... See more »

February 15, 2019GlobeNewswire

HEXO Corp. enters into $65 million bank debt facility

GATINEAU, Quebec, Feb. 15, 2019 (GLOBE NEWSWIRE) -- HEXO Corp. ("HEXO" or the "Company") (TSX: HEXO; ... See more »

January 25, 2019PR Newswire

CIBC, Altus Properties Introduce CIBC Place

ST. LOUIS, Jan. 25, 2019 /PRNewswire/ - CIBC and Altus Properties today introduced CIBC Place, the ne... See more »

January 17, 2019StreetInsider

Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares

New Commerce Split (The "Company") declares its regular monthly distribution of $0.02500 per share ($... See more »