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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
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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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RY
TOP PICK
9.976% bonds maturing 6/30/19. Recently issued. Very solid balance sheet. Good company and he doesn't see much maturity risk.
COMMENT
More of a higher risk in Canadian banks. Had tried to be in the global investment banking, which starved their retail banks for capital. If you are a trader, you could buy when it is trading at a multiple to huge discount to the bank index and sell it at a premium.
PARTIAL BUY
Dividend yields on the banks are very attractive. Pullback could occur over the summer. If you have a reasonable timeframe of 3 to 5 years, this is not a bad entry point, but you can buy it in pieces..
BUY
The most levered to a recover of the big 6. Most punished on the way down and deservedly. Over next couple of years could see earnings in range of $6-7/share
PAST TOP PICK
(A Top Pick March 5/08. Down 36.2%.) On a risk weighted basis, probably has greatest potential of capital appreciation, but also greatest potential for price volatility.
COMMENT
10% capital note with 100-year maturity. Cautious about these hybrid securities. He didn't participate in the offerings. Don't treat it as fixed income, but treat it as a preferred share.
COMMENT
(Preferred A) She would be highly confident that they would pay their preferred dividends. About 7% yield.
PAST TOP PICK
(A Top Pick Jan 8/08. Down 28.3%.) Will have to be even more patient with the banks. Amongst the big 5 this one probably has the greatest risk/reward potential. Core earnings are potentially about $7 a share.
BUY
(Market Call Minute.) Would buy it but would write a call option against it.
COMMENT
Preferred Shares. Outlook is neutral in his model. Earnings have been revised downward 15%. There are concerns for dividend cuts in the Canadian banks but preferreds would likely keep on paying.
BUY
(Market Call Minute.) Reasonable buy at the present time.
BUY
(Market Call Minute.) Very strong capital ratios. Dividends are safe. Expecting a turnaround in the next little while.
BUY
Thinks you can buy the banks at these prices. Will be hurt by the spread narrowing but dividends are good. See them going much lower than where they are now.
COMMENT
Has concerns. Rate of profit decline is significant. Also has some CDO exposure.
DON'T BUY
Have no US retail or US capital markets. Have already written off their bad assets. Seem to be more of a low risk bank now. Has probably had its run.
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