Skip to Content

Canadian Imperial Bank of Commerce CM Stock Quote

| Rating as of

Morningstar‘s Stock Analysis CM

Valuation
Currency in CAD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Maintaining Our Fair Value Estimate Of CAD 77/USD 60 for Canadian Imperial Bank of Commerce

Business Strategy and Outlook

| Eric Compton, CFA |

Canadian Imperial Bank of Commerce is the fifth-largest bank in Canada by assets and one of six that collectively hold almost 90% of the nation's banking deposits. CIBC is more Canadian-focused than some of its more international peers, although this is changing after the acquisition of PrivateBancorp. The bank plans to eventually have up to 25% of revenue coming from the U.S. Despite having one of the larger domestic branch networks, CIBC’s products haven’t typically had top share in Canada, though the bank had made significant strides in multiple categories for years starting in 2011, as the bank increased share in multiple categories and increased product numbers per customer. This improvement has admittedly slowed down recently, although the bank took some incremental share again in 2021. Overall, we believe CIBC has improved its core operating performance over the years, and while the improvement has slowed and the bank's expense base is rising as CIBC continues to invest in technology and other aspects of the franchise, we still see the bank making incremental improvements over the medium term.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics CM

Company Profile CM

Business Description

Canadian Imperial Bank of Commerce is Canada's fifth-largest bank, operating three business segments: retail and business banking, wealth management, and capital markets. It serves approximately 11 million personal banking and business customers, primarily in Canada.

Contact
81 Bay Street, CIBC Square
Toronto, ON, M5J 0E7, Canada
T +1 416 980-3096
Industry Banks - Diversified
Most Recent Earnings Jul 31, 2022
Fiscal Year End Oct 31, 2022
Employees 49,505