Canadian Imperial Bank of Commerce (CM.TO)…

Home

Daily Stock Opinions and Ratings

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

Investor Insights

Jul 11, 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) has received mixed opinions from analysts regarding its performance and valuation. Many experts highlight its strong earnings growth, driven by significant increases in US-based business, and impressive return on equity, although concerns exist regarding its reliance on Canadian consumers and residential mortgages amid potential economic headwinds. Some analysts commend its cash reserve growth, with aggressive share buybacks and debt reduction strategies. However, others point out that the bank's valuation may be becoming stretched given the current economic context, urging caution and suggesting a focus on more defensive investments in the banking sector. Overall, while CIBC's trajectory appears positive, particularly with infrastructure developments benefiting the sector, the differing perspectives on its valuation suggest a cautious approach might be warranted.

Consensus

Mixed

Valuation

Fair Value

Similar

BUY

It is in the penalty box along with the other banks. Its net interest margin is not related as positively with the rise in rates. Mortgage renewals can be a problem with higher rates. It has a compelling valuation and great yield but in the immediate term there will be turbulence.

DON'T BUY

CM vs. BNS Both have underperformed over the last year. CM is down 16%, BNS down 18%. RY is the only bank up YTD. Any contrarian would say buy. Over the last 5 years, both are at the bottom of the pack. If you like Latin America and the new CEO, pick BNS. If you think CM has cleaned up its US litigation, pick that one. BNS gets his vote. Yield is 6.3%.

DON'T BUY

Big mortgage loan book in Canada. Question marks around how Canadians are going to be able to handle higher interest rates. Domestic focus could keep a lid on multiple expansion.

Premium content

Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly Trading at 9x earnings and 1.3x book, CM is reiterated as a TOP PICK. In a period of high interest rates, it is a defensive holding. Its dividend is backed by a payout ratio under 50% of cash flow and its ROE is over 14%. We recommend trailing up the stop-loss (from $52) to $55, looking to achieve $93 — upside potential over 45%. Yield 5.3% (Analysts’ price target is $92.77)

DON'T BUY

CM vs. TD for the long term? TD. CM has a lower valuation, but TD has everything going for it. CM is struggling, and he's wary of that. Go with the better quality ones now. His firm looks at valuation, not fundamentals. When it's time to buy value, he'd look at CM.

BUY

Strong business and excellent prospects in Canada. Second highest dividend for Canadian banks. Higher interest rates good for banks. Fears of recession have pushed shares low. Good time to buy shares. Will be a good business for the long term investor.

Premium content

Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O’Reilly In times of market uncertainty, Canadian chartered banks are a defensive holding. CM trades at under 10x earnings and near book value. It’s dividend is backed by a payout ratio under 50% of cash flow. We recommend placing a stop-loss at $52, looking to achieve $93 — upside potential over 55%. Yield 5.5% (Analysts’ price target is $92.77)

Unspecified

Canadian banks will have similar difficulties as their U.S. counterparts. CIBC is well capitalized and can buy back shares. It will probably increase its reserves.

COMMENT

Will volatility in banks end? The banks are an indicator of markets. Capital markets activity (a lot less M&A) has impacted banks. However, net interest income is positive. On balance, banks have a decent profit profile. They hold a lot of capital to pull many levers like buy back shares. He is quite positive all banks. His favourites are BNS and TD, followed by Royal. CIBC has a weaker growth profile.

DON'T BUY

He's lightened up on financials. Valuations are compelling, but margin and loan growth will be stagnant. Banks don't do well in recessions. Large loan book in Canada, without access to the US. It's fine, but his preference is TD or RY.

TOP PICK

Bank stocks have retreated significantly. Moving judiciously into the US, now 20% of earnings come from there with a goal of 25%. Outstanding value right now. Second-highest dividend yield right now at 5.27%. (Analysts’ price target is $76.18)

BUY

A favourite in this environment. Well priced compared to the group. Concern is that they're more of a domestic bank, higher exposure to housing. Coming through past problems. Trading at 9x forward earnings. Yield close to 5%.

BUY

CM vs. MFC CM has a dividend yield of 5.2% vs. MFC at 5.8%. CM trades at 8x earnings, MFC at 7x. CM trades above book value, MFC below book. MFC is cheaper, strong Asian franchise with room to grow. CM has become a strong retail bank. CM will be affected more than MFC by what happens to the Canadian economy. Buy either at these levels.

BUY ON WEAKNESS

In this environment, the Canadian banks will probably come down a bit. We have a monopoly structure here in Canada. Be opportunistic when you deploy capital. This one's fine. Buy on the next weakness, and you should be fine. But beware that there could be more downside.

HOLD

Last dog for the last few cycles. No issue with the dividend. The other banks are a bit better. Everything's down with the market, so give it a bit of time. See Top Picks for his favourite Canadian bank.

Showing 76 to 90 of 1,097 entries

Most Recent Experts

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Jenny Harrington, CEO, Gilman Hill Asset Management

Gilman Hill Asset Management

Kevin Simpson

Capital Wealth Planning

Bill Baruch, Founder, Blue Line Capital

Blue Line Capital

Darren Sissons

Campbell Lee & Ross

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Canadian Imperial Bank of Commerce (CM.TO)