TSE:CM

Canadian Imperial Bank of Commerce (CM.TO)

158.27
+1.79 (1.14%)
as of Oct 2, 2026, 8:00:00 pm Market Open.
1037 watching
0
STRONG BUY

This bank has done a tremendous job in improving its operations. Hasn’t been any mistakes lately. Valuation is very cheap. If you can buy a top quality bank at 10X earnings with a 5% dividend with a growing dividend in an economy that is doing quite well, you should be buying it all day.

BUY

Has an above average yield for banks of 4.85%. From a long-term perspective, it is trading a little bit on the high side of its long-term valuation. Doesn’t think there is a ton of risk but if you own, you should expect a 10%-15% downside risk.

BUY

Thinks they will increase dividend this week. Payout is within the range here. Is concerned about the very little international loan growth.

BUY

This recently has had the best price-performance of the 5 major banks. Still has catch-up to go. Good long-term play.

HOLD

S&P has stated that banks will be in trouble but this was not included, probably because it has been sticking to simple banking. The banks are fairly static because of total overall collapse of trust. Canadian banks are still reasonably immune with the exception of 1 or 2.

BUY
Of all the banks in the last round of earnings, they had the biggest positive surprise in terms of analysts’ estimates. Seem to have a good handle on their cost control. They are the smallest of the bunch and more focused domestically. Yield of 5%.
WAIT
Seasonal strength is from the beginning of October through until the end of December relating to when they report 4th quarter results.
STRONG BUY
He is generally positive on the Cdn banks. They are a good source of dividend yield at this time. This is one of his favourite banks. Strong franchise. Near its 52 week low. PE is about 10X earnings. Dividend yield of 5%.
COMMENT
Canadian banks are in a much better position than their global counterparts in the US and Europe. Very good capital position. They have a protected domestic market that they can use as a profit engine. However, they appeared to be very expensive relative to their global peers. Not a lot of growth domestically, especially if the housing market slows down. Expecting single-digit growth plus a dividend yield which may yet you to 8%-10%, which is quite decent. His 2 top picks would be Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T).
DON'T BUY
Canadian bank sector has had a decent pull back. From a long-term perspective they all look attractive but this is an area of the market that is not going to show a lot of real growth. There are increased regulatory pressures. Because of the amount of debt, banks could still show loan losses.
HOLD
(Market Call Minute) Likes banks and yield.
DON'T BUY
Not one of his favourite banks but they cleaned up their act. Yield is ok. Got hammered because of Spanish situation. It is an ok bank but prefers TD, BNS, BMO.
DON'T BUY
Most of bank earnings have been ok. CIBC has had some struggles internally. Relative to TD that gets a premium. CIBC would be seen as a way to play domestic growth. Would not own it as there are headwinds here. Capital markets are difficult because not a lot of IPOs or financing deals in mining. Doesn’t own Canadian banks but would own TD if we did.
BUY
Earnings on Thursday – They and National are the last ones to report. They haven’t had much respect in that they are among the most profitable yet their multiple is in line with the other banks. They managed to de-risk that bank recently. It is one of the larger bank holdings he has.
DON'T BUY
He would wait a little bit. Best banking sector in the world. Dividends are sustainable. He would want one with a good domestic retail business plus other features and he does not feel that CM has all of these. Prefers TD.
Showing 511 to 525 of 1,099 entries