Buy, Sell or Hold: Canadian Imperial Bank of Commerce (CM-T)

TSE:CM

60.47

0.57 (0.93%) 1d

Showing 1 to 15 of 1,013 entries

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.

banks

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)

banks

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%.

banks

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.

banks

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.

banks

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.

banks

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.

banks

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.

banks

WAIT

The valuations of all banks are strong. They are technically trying to break below their tech support so hold off on adding.

banks

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.

banks

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.

banks

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.

banks

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.

banks

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%.

banks

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.

banks

Showing 1 to 15 of 1,013 entries

Canadian Imperial Bank of Commerce(CM-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 5

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 24

Stockchase rating for Canadian Imperial Bank of Commerce is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Imperial Bank of Commerce(CM-T) Frequently Asked Questions

What is Canadian Imperial Bank of Commerce stock symbol?

Canadian Imperial Bank of Commerce is a Canadian stock, trading under the symbol CM-T on the Toronto Stock Exchange (CM-CT). It is usually referred to as TSX:CM or CM-T

Is Canadian Imperial Bank of Commerce a buy or a sell?

In the last year, 24 stock analysts published opinions about CM-T. 17 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Imperial Bank of Commerce.

Is Canadian Imperial Bank of Commerce a good investment or a top pick?

Canadian Imperial Bank of Commerce was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Imperial Bank of Commerce.

Why is Canadian Imperial Bank of Commerce stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Imperial Bank of Commerce worth watching?

24 stock analysts on Stockchase covered Canadian Imperial Bank of Commerce In the last year. It is a trending stock that is worth watching.

What is Canadian Imperial Bank of Commerce stock price?

On 2022-09-29, Canadian Imperial Bank of Commerce (CM-T) stock closed at a price of $60.47.

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