TSE:CM

Canadian Imperial Bank of Commerce (CM.TO)

166.97
+3.44 (2.10%)
as of Jul 10, 2026, 8:00:00 pm Market Open.
1039 watching
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Investor Insights
star iconJul 12, 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), with the ticker symbol CM-T, has garnered substantial interest from analysts, many of whom deem it a solid investment prospect. Recent earnings reports indicate a notable 28% increase in net income, bolstered by a 55% surge in U.S. operations. CIBC exhibits strong financial fundamentals, such as growing cash reserves, a healthy profit margin of around 27%, and an impressive 16% return on equity (ROE). However, experts also express caution regarding its heavy exposure to the Canadian consumer market, particularly in the residential mortgage sector, which could pose risks amidst a potential recession. Overall, while some analysts recommend a strategic increase in investment, opinions are divided regarding the timing and valuation of this stock in the broader market context.

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Consensus
Mixed
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Valuation
Fair Value
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RY
COMMENT
Has been a “show me” story after their miscues a couple of years ago. His 2 favourites are Royal Bank (RY-T) and Toronto Dominion (TD-T). For those who like the yield and have some patience this is fine.
TOP PICK
A favourite bank in Canada. Often this one doesn’t get the respect it deserves. Had calamities in history but over last 10 years took great strides at de-risking their balance sheet. One of the strongest capital bases of all the banks and based on return on equity are the most profitable of the 6, yet sell at a discount relative to the others. Thinks they will close that gap. Management is doing a good job of realigning their business mix and repositioning themselves. Their retail banking franchise is one of the stronger ones in Canada. Over 4.5% yield.
DON'T BUY
Cheapest of the bunch. They made a mess of futures contracts. It is one of the best yields. He preferred TD or RY or BMO. He probably would not buy it here but they are cheap on a statistical basis. Watch consumer loans and the growth is coming from capital markets and wealth markets. CM is most exposed to consumer and mortgage loans than any other Canadian bank and that may drag on them.
BUY
It is quite a bit cheaper than the rest of the banks, but at some point it may have gotten too cheap. BNS-T is his favourite bank right now. He also likes NA-T. He is very bullish on Canadian Banks
HOLD
Coming out with earnings next Thursday so watch for this very closely. Chart shows it has done pretty well what the other banks have done. Just came to a new high in the last couple of days. He expects this will continue to test the high of around $86.
BUY
Not his favourite bank. He prefers Toronto Dominion (TD-T) and National (NA-T). Very hard to go too far wrong on Canadian banks. If you are going to buy Canadian banks, you are probably best to buy a couple of them.
TOP PICK
Made great strides in the last few years in de-risking the bank. Boosted their wealth management operations and he expects to see more improvements in this area. Less exposed to structured credit than what they have been. Have a compelling multiple compared to the group. Dividend yield in excess of 5%.
WEAK BUY
Neutral on banking in Canada. Likes dividend of 4.8%. This and TD are the more solid bank names. He prefers BMO covered call ETF instead.
COMMENT
Holding up better than other banks because it has a larger retail franchise and is less dependant on capital markets than some others. As a safe haven in the Cdn banking space, probably a good place to look at.
DON'T BUY
How would you view Canadian banks on the long-term? This bank is not doing well. It broke down through the up trend line and is now struggling to hold at around $68. All the banks are having major problems.
BUY
Over the years has made its share of mistakes so has always sold at a discounted multiple to the group. On an ROE basis it is probably one of the most profitable banks. In the last few years, they have taken significant steps to de-risk this bank. Yield of close to 5%. (See Top Picks.)
PAST TOP PICK
(A Top Pick Sept 10/10. Up 0.81%.) Outlook for Canadian banks is good on a relative basis with attractive yields but doesn't see much opportunity for increased dividends or earnings growth.
BUY
Significant exposure to Canadian consumer. Recently acquired an investment company in the US, which will be accretive next year. You could see a very competitive environment in Canada and it could put pressure on the price.
DON'T BUY
Canadian banks have done a brilliant job of not losing money. Trading at a premium at 2X BV and doesn't know if they have much more room. This one trades at a higher BV so he prefers Toronto Dominion (TD-T) and Royal (RY-T).
COMMENT
Has to live a little with its past history. One of the banks that has never got back to where it was before 2008. Has made a few mistakes in the US in the past. This one is in the lower tier of the big 5 banks. Have cleaned up their act and the stock is a lot better. Not his #1 choice.
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