Canadian Imperial Bank of Commerce (CM.TO)…

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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

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

BUY

Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.

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BUY

He still likes it. It is at somewhat of a discount. It is more Canadian-centric compared to competitors. Over the next few quarters he thinks provisions for loan losses will rise. They are at a reasonable price.

PAST TOP PICK

(A Top Pick Jul 15/19, Down 1%) The best performing Canadian bank of the past 12 months. It continues to go through a transition. On a long term basis, CM still has good things going for it compared to its peers, giving them an opportunity to increase market share.

BUY

There is a nice recovery in the Canadian banking sector. This shows they have likely over reserved for credit losses. There are a lot of moving parts and he is surprised about how agreeable the banks are to deferrals of mortgages. Higher oil prices is helping as well. Now is a decent time to pick a bank for your portfolio.

COMMENT

Preferred shares? He holds preferreds for their clients. These are senior to common stock and are more risky than bonds. The preferred market is unique to Canada and lacks liquidity at times. The yields are very attractive at 6% or higher. Just be careful of the difference between the "rate reset" offerings that renew their dividends based on the Bank of Canada interest rates. He would suggest owing the perpetual shares instead that have a constant dividend.

BUY

Nothing has happened to CIBC in recent weeks to make it worth 35% less. If you liked it at $110 a share you should love it at the current price. No Canadian bank has ever cut a dividend in 77 years.

BUY

It's a good time to buy the big 6 banks. Yields are very high, with CM yielding 7.5%. It's a good time for a young investor to initiate positions. No bank will have its earnings totally obliterated during this crisis. Prices have rolled back. You can now buy a bank at book value or 1.5x book, which is a rare opportunity. Yes, ROE will be compressed if loan losses rise, but requirements have recently been loosened, which takes some pressure off. TD and BMO are more exposed to the U.S. where there are some commercial credit problems, so he's cooler on those, and hotter on the other big 6, including CIBC.

BUY

He owns TD and Royal. People are worried that with the price of oil so low, we'll go into recession, rates will go down, and the Canadian consumer is more highly leveraged than the US consumer. Banks are trading at reasonable multiples with good balance sheets. Risk profile is not what the US was in 2008. Makes a lot of sense to own any of them now for the long term.

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WAIT

$99-126 is its range for trading. Wait for earnings on Feb. 26, which he expects to be decent, so it would be a good buying opportunity on Thursday/Friday. CM is right at its 200-day moving average. A buying opportunity if this falls to the lower end of its range.

BUY ON WEAKNESS

The banks had a lack luster performance in the last quarters and analysts really cut their ratings on the banks, so it may be an opportunity to get back into them. He is looking at a breakout from the October peak. They are starting to bounce back again.

PAST TOP PICK

(A Top Pick Feb 11/19, Up 4%) It is fairly representative of what happened to bank stocks in the last year. It went sideways but lost attitude. It remains good value. He wishes the cheap stocks would get going.

HOLD

Banks on the whole are going sideways. It's OK. Pretty good dividend. Stuck in a range, $100 on the low side and $120 on the high end. Good for the dividend, but not for growth. Yield is 5.3%.

DON'T BUY

Weak link among the Canadian banks.

BUY

One of his principal bank holdings. Loan provision increases have been occurring and he thinks management is just being cautious. It is well capitalized and trades at a discount to its peers. He would recommend buying here.

HOLD

Everything looks okay, but it looks kind of mushy. All banks look like this, except National Bank which is Quebec based. The banks are cheap, but they look like they want to ooze lower before there is any rebound. He would hold it if you own it, but he doesn't expect good performance in the next couple months.

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Canadian Imperial Bank of Commerce (CM.TO)