Canadian Imperial Bank of Commerce (CM.TO)…

Home

Daily Stock Opinions and Ratings

Canadian Imperial Bank of Commerce (CM.TO)

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

159.85

+0.70 (0.44%)

as of Jun 16, 2026, 8:00:00 pm Market Open.

1035 watching

Investor Insights

Jun 16, 2026, 12:00 am

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

Experts regard Canadian Imperial Bank of Commerce (CM) as a well-positioned bank benefiting from infrastructure and energy development in Canada, with notable financial metrics including a 16% return on equity (ROE) and a supportive dividend yield of around 2.8% to 3.0%. While some analysts recommend a cautious approach due to Canadian economic fragility and significant exposure to residential mortgages, others maintain a bullish outlook based on the bank's strengthening cash reserves and share buyback initiatives. There is concern about the overall valuation of the Canadian banking sector, which appears to be trading at record highs. Despite the mixed signals, CM is generally deemed a better value compared to its peers, with analysts seeing modest upside potential based on current earnings multiples and strategic partnerships to support growth.

Consensus

Positive

Valuation

Fair Value

Similar

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.

BUY

BNS vs. CIBC or both? If you bought and held Canadian banks in 1976, they would have outperformed the markets. Banks enjoy an oligopoly. CIBC has had everything go wrong in the last 20 years, but they have now regained credibility. CIBC is more exposed to Canada than its peers. BNS is a big player in Latin America. CIBC is a solid play on the Canadian economy, driven by high oil prices (and the Russian war). BNS is invested in high-growth companies in Mexico, Peru and Chile. BNS will be more volatile than CIBC because of high oil prices and food shortage, but if those economies do well then BNS will also do very well.

Showing 76 to 90 of 1,096 entries

Most Recent Experts

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Keith Richards

ValueTrend Wealth Management

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Rob Sechan, Managing Partner, New Edge Capital

New Edge Capital

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].

Summer Sale

Canadian Imperial Bank of Commerce (CM.TO)