TSE:CM

Canadian Imperial Bank of Commerce (CM.TO)

166.04
+0.42 (0.25%)
as of Jul 31, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 31, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

The Canadian Imperial Bank of Commerce (CIBC) has been receiving favorable reviews from various analysts, emphasizing its solid positioning within the Canadian banking sector. Analysts highlight the bank's impressive earnings growth, particularly driven by a strong performance in its U.S. business and a healthy profit margin. With increasing cash reserves and a strategy of retiring debt and buying back shares, CIBC appears primed for continued success. However, some analysts caution about its reliance on the Canadian consumer and potential economic risks, especially in the context of interest rate fluctuations. Overall, there is optimistic sentiment about CIBC's ability to leverage opportunities in infrastructure and energy development, alongside the potential impacts of government fiscal initiatives.

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Consensus
Bullish
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Valuation
Fair Value
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RY
HOLD
He saw a floor near $100 back in August and resistance at $110. If we go above $112, then $120 is very likely. A no man's land right now, so just hold with downside to about $105.
HOLD
He is luke warm on Canadian banks. He owns BNS-T and CWB-T. It has not been the best run bank historically. The dividend is safe unless something horrific happens. It will probably continue to grow its dividend.
COMMENT

Canadian banks have gotten very cheap now. CIBC has a US presence but it’s mainly in Canada. RBC has more resources with a global presence. He thinks that banks are still a good place to be. Would be buying Royal Bank and TD.

BUY
The breakout above $105 is very encouraging and he picked it up. We just punched through the 200 day moving average. This stock is outperforming the S&P.
TOP PICK
They surprised everybody in the last quarter with earnings. You get over 5.5% yield. The valuation of this banks is out of kilter with the other banks. People are concerned that they are too Canada-centric. At this price it is his Top Pick. It is a screaming buy at $100. (Analysts’ price target is $110.94)
DON'T BUY
Facing same issues as all the banks. Cheaper valuation, so bit more protected on the downside. No earnings growth. Not getting the spread when rates are compressed.
BUY
Seasonality around October, as it is year end for them. It’s at an attractive place. It’s at the low end of its trading range so he would be a buyer here. It won’t stay here for too long.
COMMENT

CIBC vs CN Rail for income? He would be getting out of all the Canadian rails at this point. The banks are also getting hurt. Negative interest rate curves are a warning that something ugly is going to happen. The GDP will fall and interest rates will begin to rise. He would therefore buy into CM-T and drop CNR-T.

DON'T BUY
The most exposed Canadian bank to Canada and one of the weakest Canadian banks. Their capital markets business is losing market shares. Their asset management strategy is poorly developed. They are expanding into commercial lending in the States, which looks good, 12% of their overall business. The dividend pays a high 5.7%, but look elsewhere for a better total return.
DON'T BUY
Problem is that it's not at the bottom of its range. Possibility of going down to $90. Looks as though it's broken through 2017-18 support. If he had to buy a bank now, this one would not be it.
HOLD

He owns no banks; it's a tough environment for them. Low interest rates will be a headwind. In the next 12 months, look elsewhere, but long term this is fine to hold. The banks haven't done anything in the last 17 months. CM is his choice after RY-T.

DON'T BUY
Recently reduced individual bank exposure. He's decided to bring it back to a market exposure. It's not a good environment for the banks, with low interest rates. Probably have a recession coming, and the banks will struggle. Earnings growth will probably stall. Could do better in other ETFs. Higher risk in the banking group.
COMMENT

With the flattening of the yield curve it gets harder for these companies. CM-T is Canadian focused so he likes TD-T and RY-T, which are the two best run banks in Canada.

BUY
The whole Canadian banking system has traded down. He loves being an owner of it and thinks we are getting an opportunity. Housing market fears are laying hard on the markets. There are short positions in the US on Canadian Banks. The banks are starting to look very attractive.
PARTIAL BUY
If it breaks $110 we are going up. He just picked it up. He likes the basing here we just saw. There is a downtrend overhanging it. He thinks the risk/reward is really good. It is a good place to pickup at least half the position.
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