Canadian Imperial Bank of Commerce

CM-T

TSE:CM

110.79
0.47 (0.43%)
The Canadian Imperial Bank of Commerce, commonly referred to as CIBC, is one of the Big Five banks in Canada. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT.
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Analysis and Opinions about CM-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
August 18, 2020
(A Top Pick Jul 16/19, Up 1%) It's the best performer of the big 5 banks and pays the second-highest dividend that'll make up most of returns. Don't expect share appreciation in banks, but still a solid business with banks getting a piece of the equity management business. But the lending spread will be challenged for some time for banks. He has reduced his bank exposure overall, seeing challenges in banks for a while to come.
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(A Top Pick Jul 16/19, Up 1%) It's the best performer of the big 5 banks and pays the second-highest dividend that'll make up most of returns. Don't expect share appreciation in banks, but still a solid business with banks getting a piece of the equity management business. But the lending spread will be challenged for some time for banks. He has reduced his bank exposure overall, seeing challenges in banks for a while to come.
HOLD
HOLD
August 4, 2020
In Canada, the big banks are good value creators over time. However, he prefers geographic and business diversification, and CM is underdeveloped in the U.S. despite a recent purchase down there. Their asset management is a fee-based business so it isn't effected by low interest rates or loan loss provisions. Their large exposure to lending and deposit activities is a disadvantage. Historically, the big banks yield double-digit returns, including dividend, and CM grows its dividend at 7-8% yearly--but not every year, not this year. If you own, then hold. If not, look at another Canadian bank.
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In Canada, the big banks are good value creators over time. However, he prefers geographic and business diversification, and CM is underdeveloped in the U.S. despite a recent purchase down there. Their asset management is a fee-based business so it isn't effected by low interest rates or loan loss provisions. Their large exposure to lending and deposit activities is a disadvantage. Historically, the big banks yield double-digit returns, including dividend, and CM grows its dividend at 7-8% yearly--but not every year, not this year. If you own, then hold. If not, look at another Canadian bank.
BUY
BUY
July 8, 2020

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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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.

BUY
BUY
June 29, 2020
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.
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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
PAST TOP PICK
June 5, 2020
(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.
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(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
BUY
June 3, 2020
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.
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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
COMMENT
April 1, 2020
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.
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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
BUY
March 23, 2020
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.
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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
BUY
March 17, 2020

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.

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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
BUY
March 12, 2020

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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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.

WAIT
WAIT
February 24, 2020
$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.
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$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 WEAKNESS
BUY WEAKNESS
February 20, 2020
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.
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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
PAST TOP PICK
February 6, 2020
(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.
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(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
HOLD
January 16, 2020
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%.
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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
DON'T BUY
January 9, 2020
Weak link among the Canadian banks.
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Weak link among the Canadian banks.
Showing 1 to 15 of 978 entries

Canadian Imperial Bank of Commerce(CM-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 5

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. 15 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. 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 Ryan Bushell on 2020-08-18. 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 2020-12-04, Canadian Imperial Bank of Commerce (CM-T) stock closed at a price of $110.79.