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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Similar
RY
WEAK BUY

RY is his favourite bank, but there's nothing wrong in investing in Canadian banks. The banks pay a 4% dividend and raise them by 6% a year. That's why the Canadian banks beat the TSX.

HOLD

Valuations of the Big 5 are fairly compelling. The one knock against them is that they don't have a great growth platform. Risk that their growth strategy in the US won't work, as it will take a lot of money. His preference is TD, Royal, or BNS. If you care just about the dividend, you'll be OK.

BUY
Is it cheap? Of all the big banks, CM-T is at very good value. It has the highest yield of the majors. The concern may be their exposure to Canadian housing markets -- they lack some of the international diversification. This is one of his largest holdings in the financial space.
TOP PICK
This is the cheapest of the Canadian banks. It is too cheap to ignore at these levels. Yield 5.47% (Analysts’ price target is $115.00)
HOLD
He's traded this stock. It's been monster sideways for a long time. It has support around $105 and entering this zone. As long it doesn't fall below lows of $100, this is okay, a hold. This has a pattern of bouncing off $100.
BUY ON WEAKNESS
CM made a good purchase today [of Milwaukee-based boutique investment banking firm Cleary Gull Inc.] to build the asset sheet. Though, all Canadian banks have been rangebound lately, he's happy to own them. Buy on any weakness.
COMMENT
A Canadian bank. They pay a good 5% dividend that they've raised 8 times in the last 3 years. True, management keeps messing things up, though.
DON'T BUY

We are growing slower than we think, here and abroad. Among the banks, he prefers TD and RY given their American exposure, whereas CM is late to enter to US. They also overpaid an acquisition.

BUY
The Canadian banks are a buy as long as you don't get too over weighted. If interest rates are cut in the US, it will be tough for financials as whole. The 10 year bond yield has dropped a third this year, taking away a lot of profitability for the banks.
COMMENT
It has been under some pressure along with the rest of the group. It is in a kind of consolidation after breaking the uptrend. Banks are not going to collapse but probably not a lot of upside here. Income orientated stock to own now.
COMMENT

For an RRSP? The bad news is that he expects only 3% EPS growth (vs. 6% for this space). Yes, it's cheap vs. its peers and pays a solid dividend. But CM remains tethered to Canadian real estate, a headwind. The banks will be market performers; he prefers TD or RY or BMO. CM is okay long-term.

COMMENT
They always bad a bad rep among Canadian banks, but it's doing better lately, trading a full point ahead in yield vs. its peers. It has the best valuation among Canadian banks. CM's big exposure to Canadian mortgages and fears of massive defaults? He doesn't worry, because the CMHC protects mortgages here, and many mortgages have a good loan-to-value ratio.
DON'T BUY

On his last appearance, he was concerned with CM around $109, and in May he said that if this fell below $105, there would be troubles. $105 would become resistance. He owns RY, BMO and TD. Unless CM cracks $105, CM will be stuck between $100-105. There are better places to go.

BUY
5.4% dividend. The fair market value is miles above the current stock price. Everyone fears Canadian bank stocks, but they are bulletproof. The banks are now a buying opportunity. CM has terrific upside. Buy this and don't look at it for years.
WAIT

He is neutral on the bank right now. Will do well if have a 5 year horizon. He favours TD, Royal, or BMO over CIBC. He would wait for a buying opportunity in the Canadian banks.

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