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TSE:CM

Canadian Imperial Bank of Commerce (CM.TO)

160.31
+2.34 (1.48%)
as of Jun 19, 2026, 8:00:01 pm Market Open.
1037 watching
0
Investor Insights
star iconJun 21, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

The Canadian Imperial Bank of Commerce (CM) is viewed as a strong prospect, particularly in light of potential benefits from infrastructure and energy growth within the Canadian economy. With a current earnings multiple of 15x, a book value of 2.4x, and a robust return on equity (ROE) of 16%, analysts are optimistic about its performance. Cash reserves are increasing, and the company's responsible financial management includes aggressive share buybacks and debt reductions. However, the bank faces risks due to its heavy exposure to Canadian consumers and residential mortgages, especially amid recessionary concerns. While some experts express caution given the entire Canadian banking sector’s high valuations, many still see CM as a solid investment with upside potential, maintaining positive outlooks due to favorable market conditions.

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Consensus
Positive
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Valuation
Fair Value
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Similar
RY
COMMENT
His model price is $70.74, about 6.5% upside. One of the few banks that actually has a positive to his model price. As a group, there is really no value. He would get excited about them if there were a correction in the financials.
BUY
Cheapest of the banks. Hasn't owned this one in years. Prefers the strategies of Royal (RY-T), TD (TD-T) and Scotia (BNS-T) but this bank seems to be trying to turn itself around. If a long-term investor and reasonably optimistic about the markets for the next 3-5 years, this one makes a lot of sense.
COMMENT
Banks have been taken down pretty well on a fundamental basis and he is accumulating some of them. Good yield but he prefers Scotia (BNS-T), Bank of Montreal (BMO-T) and Toronto Dominion (TD-T).
PAST TOP PICK
9.976% bonds maturing 6/30/19 (Top Pick Jun 2/09, Up 22.14%)
BUY
Likes all the banks in Canada. You have to be patient but you will do well. Great history of raising dividends and no reason for it to change.
WEAK BUY
He doesn’t expect dividend increases this year. It’s not a primary holding for him. The others are. Interest rate increase could help them to increase their spreads.
DON'T BUY
Expect banks to move higher over the long term. In the short term there could be backing and filling. Too much volatility compared to Royal (RY-T) and Toronto Dominion (TD-T).
HOLD
Sees the banks as continuing to be strong. Has had a pretty good run in the last while but will probably not continue at the same rate. If you are a trader, consider taking some profits.
SELL
CIBC 9% bond. Last February bonds were the place to be. It was crazy. There are not enough reasons to sell this bond now, but there are not enough reasons to buy. There may be opportunities elsewhere.
BUY
Banks peaked out in August/September and has been trending down and plateauing over the last several weeks. This is a great entry point especially in this low interest rate environment where they are making a very good spread.
DON'T BUY
He is not in love with the Canadian banks right now. He owns the preferreds. There could be a fair amount of upside in the longer term and there is the dividends. If you are looking for appreciation, there are lots of others out there.
BUY
C19 9.976% due June 2018 Bond. Have done very well through 2009 with the narrowing spread. Thinks there is a little bit more spread narrowing to go on.
BUY
Would rank this as #2 in terms of attractiveness in Canadian banks. Historically they have always seemed fast and loose with regards to risk but he feels there will be a conception of higher quality banking from now on. 5.4% dividend yield.
BUY ON WEAKNESS
Dividends for all Canadian banks are safe. This bank is having a little more difficulty because of write-offs, etc. Would like to buy at $60. Yield of 5% plus.
BUY ON WEAKNESS
Would prefer it closer to $60-$61. This is probably the one Canadian bank with the greatest upside potential.
Showing 556 to 570 of 1,096 entries