CIBC – Overtakes Scotiabank In Market value
Canadian Imperial Bank of Commerce has inched past Bank of Nova Scotia in market capitalization to become Canada’s fourth-most valuable bank.
CIBC has been the top-performing major Canadian bank over the past year, with its shares soaring 47%, giving it a market value of $94.6 billion as of Friday’s close. It hadn’t outranked Scotiabank since the early 2000s, until this month.
CIBC has emerged as a relative safe haven amid global market volatility. The bank derived 63% of its earnings from Canadian personal, business and commercial banking and wealth management.
Top banks in no order include Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD Bank), Bank of Nova Scotia (Scotiabank), Bank of Montreal (BMO), and Canadian Imperial Bank of Commerce (CIBC).
Full Read:
- https://www.canadianmortgagetrends.com/2025/08/cibc-overtakes-scotiabank-in-market-value-after-stocks-47-run/