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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
COMMENT
Re: Bank of Montreal (BMO-T) and CIBC (CM-T). Doesn’t think the banks are going anywhere for the next 3 months. You could Buy them here although they have a ways before they really turn. In the meantime you will get a dividend.
DON'T BUY
Still very cautious on the banks. Significantly more write-offs to come, especially in the US. This could rub off on some of the Canadian banks. Holding off on buying any banks until the end of this year or the beginning of next year.
PAST TOP PICK
(A Top Pick July 13/07. Down 35%.) The bank that everyone loves to hate. On a core earnings basis, they are still capable of earning $7 a share. Expecting more write-downs, but the market is overestimating their problems.
DON'T BUY
(Market Call Minute.) Would avoid this one until some of the asset write-downs are at little bit clearer.
DON'T BUY
Expect there is more hurt coming in the global banks including Canada. We are in recession in many parts of North America and there will be loan losses. This one is back to its historical position of beating the riskiest Canadian bank. When times turn, it is the riskiest bank that will do the best.
BUY
Canadian banks are well established companies with good dividends and good long-term growth. Everybody should own 2 or 3 of Canada's top line banks. This one is a bit more speculative because of its brokerage exposure etc. Prefers Bank of Nova Scotia (BNS-T) but this is an attractive company.
DON'T BUY
Dividend is safe. Have raised an enormous amount of capital and is well capitalized now. Very speculative.
DON'T BUY
Street has pretty well lost confidence in this bank's risk management. Wouldn't buy until there was some evidence they had straightened things out and they won't have another disaster.
COMMENT
His view on bank stocks is that we are kind of in the eye of the hurricane. If anyone thinks that the credit problems are done and over with, they have another think coming. Wouldn't be surprised if there were fears that Canadian banks could cut their dividends. He doesn't see it happening.
BUY
Profitability of a Canadian retail franchise, with a comfortable oligopoly in Canada gives you a wonderful base in earnings. You’ll probably take more money in this one in the next few years than you would in the more stable banks.
DON'T BUY
Last time they had a disaster, they bounced back and people made a lot of money and who's to say they won't do it again. Not the bank that he would choose to own because of their proven track record of making it really bad, big mistakes.
HOLD
Undergoing a bit of a recovery, but it is a long way off the high. He would suggest not buying any Canadian banks right here, at least this one. He would like to see more of a recovery. Give it some time to go through a bottoming process but this could go on for a long time.
PAST TOP PICK
(A Top Pick July 13/07. Down 23%.) This is the bank that everyone loves to hate. Have had their share of problems and be served criticism since last summer. Still likes.
BUY
Represents an interesting entry point. Doesn't think it will get close to its previous highs in the next 2 years but expect to get your dividend and some capital appreciation.
PAST TOP PICK
(A Top Pick Sept 12/07. Down 27%.) Currently trading at 8X next year's earnings but could see it trading at 10X over the next year, which would be a 25% increase. Still buying.
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