SCHEDULE: BMO Group Discloses 13.38% Stake in CIBC Common Shares

Bank of Montreal and its affiliates reported a collective beneficial ownership of 13.38% of Canadian Imperial Bank of Commerce common shares as of December 31, 2025.

Summary

• Bank of Montreal and its affiliated entities collectively beneficially own 13.38% of the Common Shares of Canadian Imperial Bank of Commerce (CIBC).
• This aggregate ownership represents approximately 124,734,000 common shares, based on the reported percentage and the largest individual holding.
• The largest individual beneficial ownership within the group is held by Bank of Montreal, with 49,381,972 shares, representing 5.31% of CIBC's common shares.
• Other significant holdings include BANK OF MONTREAL HOLDING INC. with 32,735,119 shares (3.52%) and BMO NESBITT BURNS INC. WEALTH MANAGEMENT with 25,494,721 shares (2.74%).
• BMO ASSET MANAGEMENT INC. also holds a substantial stake of 19,038,922 shares, accounting for 2.05% of the class.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of CIBC.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive for CIBC, as it is a factual disclosure of a significant institutional holding, which can be interpreted as a vote of confidence from a major financial group.

Positives

• The disclosure of a significant institutional holding by the Bank of Montreal group in CIBC may signal confidence from a major financial institution in CIBC's long-term value and stability.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that a significant stake by a major Canadian bank group like BMO in another large Canadian bank like CIBC highlights substantial institutional interest and potential long-term investment strategies within the highly concentrated Canadian banking sector. Such cross-holdings, while not for control, can indicate a broader institutional view on the stability and growth prospects of the domestic financial market.

Stakeholder Impact

• Shareholders of CIBC may view this significant institutional holding by the BMO group as a sign of confidence in the company's long-term prospects and stability within the Canadian banking sector.

Key Dates

Keywords

Canadian Imperial Bank of Commerce, CIBC, Bank of Montreal, BMO, Common Shares, Beneficial Ownership, Schedule 13G, Institutional Investor, Financial Services, Banking, Equity Stake