Canadian Imperial Bank of Commerce (CM.TO)…

Canadian Imperial Bank of Commerce (CM.TO)

160.31

+2.34 (1.48%)

as of Jun 19, 2026, 8:00:01 pm Market Open.

660 watching

BUY

A big holding of his. They have pledged to increase earnings in the U.S. (as have other Canadian banks) so that 25% of earnings are American. They will focus more on organic growth and controlling expenses. Are building reserves against credit losses. Pay over a 5% dividend yield.

BUY

Not expensive, great dividend, oligopoly. Difficulties with housing market plus slowing economy are pushing them to over-reserve. CM has always been a difficult story. It had a great retail franchise, until investment was diverted to wealth management where it's always been playing catch up. Great business, will continue to do well.

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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 During periods of market uncertainty, Canadian chartered banks (like CM) are a good safe haven. We particularly like how cash reserves have resumed growing, while debt is being retired. It pays a great yield, backed by a payout ratio under 50% of cash flow. We recommend a stop loss at $48, looking achieve $69 -- upside potential of 16%. Yield 5.8$ (Analysts’ price target is $69.00)

DON'T BUY

Canadian banks are in a tough space right now, with slowing economy and housing. That will affect CM more.

DON'T BUY

Results were horrible. Stick with the ones that continue to knock it out of the park -- TD, RY, and NA. He owns these 3, and is happy to continue buying.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Nov 10/22, Down 14%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with CM has triggered its stop at $55. To remain disciplined, we recommend covering the position at this time. Combined with our previous buy recommendation this results in a net investment loss of 12%.

HOLD

Trading at 8x earnings. Its wonderful retail banking got destroyed when capital was redirected to investment banking side. Trying to get back to strong retail franchise. Opportunity to buy it cheap. Investment banking and asset management will be tough. Paid to hold. Dividend safe. Highest yield of all the banks, around 6%.

DON'T BUY

Banks are in a downtrend and not doing well in these times. He won't buy a stock in a downturn. To buy a stock for their conservative account, there must be 3 successful peaks showing higher highs and higher lows on the weekly chart. Also it should be above its 200 day moving average. One breakout does not mean a buy.

HOLD

Likes the prospects for Canadian banks, but does not own shares. Other options for investors. Current share price and dividend yield is attractive.

BUY

It is in the penalty box along with the other banks. Its net interest margin is not related as positively with the rise in rates. Mortgage renewals can be a problem with higher rates. It has a compelling valuation and great yield but in the immediate term there will be turbulence.

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.

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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.

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Canadian Imperial Bank of Commerce (CM.TO)