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CIBC launches buyback for up to 30 million shares after completing prior 20 million program
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CIBC launches buyback for up to 30 million shares after completing prior 20 million program
  • CIBC launched a new normal course issuer bid to repurchase up to 30 million common shares for cancellation, about 3.3% of shares outstanding.
  • Buybacks can begin June 8, 2026; the program ends on the earlier of completing purchases or June 7, 2027.
  • The prior NCIB bought back 20 million common shares at an average price of CAD 129.68, totaling CAD 2.6 billion; it ended May 25, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CIBC - Canadian Imperial Bank of Commerce published the original content used to generate this news brief on June 04, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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