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TSE:CM

Canadian Imperial Bank of Commerce (CM.TO)

159.85
+0.70 (0.44%)
as of Jun 16, 2026, 8:00:00 pm Market Open.
1035 watching
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Investor Insights
star iconJun 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.

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Consensus
Positive
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Valuation
Fair Value
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Similar
RY
BUY
Well managed company with strong brand in Canada. One of the fastest growing banks in Canada. Company has been hit hard in recent market selloff. Market afraid of recession and the effect it will have on the company. Believes company has excellent prospects going forward. Current yield is over 5% which is a good rate of return.
WAIT
The valuations of all banks are strong. They are technically trying to break below their tech support so hold off on adding.
HOLD
Has been selling shares lately after recent share price increase. Slowdown in economy and headwinds for the economy will be hard for banks. Collect dividend and play it safe, but not expecting much share price appreciation.
BUY
Believes recent financial metrics better than market is recognizing. Financials and company operating metrics are strong. Current share price is presenting good buying opportunity. Even with fears of recession, good place to invest capital.
BUY
CM vs. BMO BMO completing 16B acquisition in the US. BMO has a much larger presence in the US, whereas CM has the larger presence in Canada. CM has been the faster grower, and he favours it. Execution risk with BMO, especially in a tough market. CM has the better opportunity, but he doesn't knock BMO.
BUY
Are bank stocks safe again? Canadian banks have outperformed the TSX throughout his entire career. There's fear that rising rates will make mortgages uncertain. But given this correction, you can nibble at the Canadian banks now, one of the safest assets in Canada, since they are protected by law. His favourite bank here is BNS given their exposure in South America, which were badly hit by Covid and they have wide mining exposure. The safer bet is CIBC, because it's well-managed, is more exposed to the Canadian economy which is thriving because of demand for natural resources, and it pays a good dividend.
BUY
With the pullback, one of his favourites to buy. Chance to accumulate. Well capitalized. Price to book is at a slight discount to the group. Net interest margins should grow with higher rates. Worry is economic slowdown. Probability of recession is higher than 6 weeks ago. Yield is now at a premium, around 4.5%.
HOLD
Markets have been volatile. Stick with it. Bank valuations across NA are around 11x earnings, pretty reasonable. All banks have plans for excess cash they've built up. CM growth profile is not as strong as its peers, so it always trades at a lower multiple. He prefers BNS and TD.
TRADE
It has a 4.4% yield and trades at 10 or11 X earnings. It will do a 2 for 1 split but it doesn't matter whether you buy before or after the split since the yield and earnings stay the same. It is as good as any other Canadian bank. He prefers the U.S. banks since the American consumer is in much better shape financially.
BUY
Believes negative pressure on bank stocks due to bank tax from Canadian government. Since Canadian bank tax not as high as expected, stock will preform better. Good time to buy stock as price is presenting good buying opportunity.
HOLD
Banks are struggling with a flattening yield curve, but this can always correct itself. Canadian banks have more resource exposure, so they're doing better than other countries. If you have the timeline, hang on. You can always hang onto the Canadian banks over the long run.
BUY
Looking better than most of the rest. Coming off a bounce. Banking sector should, after a blip, benefit from rising rates. Investor were worried about banks' exposure to energy, but now with higher prices, of course, they're fine with it.
DON'T BUY
Buy a stock before or after a stock split? It has a lot to do with psychology, because a split creates no economic value, but stocks tend to rise after a split is announced. The strategy is to sell right after the split announcement, then buy it back later. CM stock is ahead of itself. Its PE is higher than its peers while its dividend has declined.
BUY
Long-term, the Canadian banks will return 12-15% annually. They trade as a group with minor variances among the banks. RY is his favourite given their best-in-class franchises and as the largest bank. Any Canadian bank is fine to own. You can't go wrong. Some want a bank with a higher dividend, others with more operations in the U.S. It's up to the investor.
HOLD
CM is the cheapest and most attractive of his holdings. Canadian banking sector has been a great place to be, oligopoly. "Hates" being a customer, but loves being an owner. All in excellent shape. The sector is a core holding in his Canadian strategy.
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