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TSE:CM

Canadian Imperial Bank of Commerce (CM.TO)

160.32
+0.55 (0.34%)
as of Aug 21, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconAug 21, 2026, 12:00 am

This summary was created by AI, based on 17 opinions in the last 12 months.

Canadian Imperial Bank of Commerce (CM) has received mixed but generally positive reviews from experts. The bank is well-positioned to benefit from advancements in AI and a supportive regulatory environment, which allows for increased lending capacity. Its recent earnings showed a significant rise in net income, notably due to strong performance in the U.S. market, while maintaining healthy profit margins and cash reserves. However, concerns about reliance on the Canadian consumer and potential economic headwinds persist. Despite these risks, many analysts regard CM as a solid investment with a potential for upside in stock value, given its favorable trading multiples and recent stock buyback strategies.

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Consensus
Positive
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Valuation
Fair Value
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RY
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.
BUY
He would recommend banks as an investment for dividends. About 20% of his portfolio is in banks. Banks are a lot less volatile than other sectors. Dividend growth will be about 5% a year. 5.1% dividend.
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