CIBC (TSX: CM) – Prominent Canadian bank, recommended for investment
The Canadian Imperial Bank of Commerce (TSX: CM), founded on June 1, 1961, is a prominent financial institution headquartered in Toronto, Canada. Operating across multiple segments, CIBC provides a comprehensive suite of banking and wealth management services to a diverse clientele. Its business segments include Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, Capital Markets and Direct Financial Services, and Corporate and Other.