DailyIQ
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Last updated2 minutes ago

CM·Canadian Imperial Bank of Commerce

$111.50
+1.49 (+1.35%)
Overnight$111.52+0.02 (+0.02%)
High
$111.89
Open
$111.26
Market Cap
141.31B
52W High
$125.96
Low
$109.85
P. Close
$111.50
P/E
13.96
52W Low
$79.32
Fwd P/E
13.96
DailyIQ Est.
$119.92
Inst. Ownership
7.2%
Short Interest
1.16%
Days to Cover
7.3
Div. Yield
2.05%
Last Ex-Div
Sep 28, 2026
Div. Growth
9+ yrs
Technical Score (1D)
27
BEARISH
News Sentiment
71
BULLISH
On Oct 10, Canadian Imperial Bank of Commerce reported third‑quarter earnings that delivered a 16.8 % adjusted return on equity, a figure that analysts highlighted as evidence of strong capital efficiency. The same day, the bank’s share price had risen 245 % over the past several years, prompting analysts to question whether the current valuation reflected that performance. In their assessment, they suggested the stock could be trading roughly 32 % below its fair value, implying that investors may be underpricing the bank’s earnings power. This view was presented as a mild bullish stance on the stock’s upside potential, tempered by concerns about valuation. The article therefore underscored that the robust earnings and capital efficiency were key drivers behind the valuation discussion.
LOW TARGET
$103 -8.1%
2 analysts
MEAN TARGET
$119 +6.3%
15 analysts
HIGH TARGET
$127 +13.5%
8 analysts
PRICE RANGE
$102.52 - $126.53
SB / B / H / S / SS
5/8/10/1/1
DAILYIQ EST.
$119.92 (+7.5%)

EPS

EstBeatMiss
$1.92$2.10$2.28$2.45$2.63Q2'25Q3'26
QtrEstActual+/−
Q3'26$2.55 - -
Q2'25$2.00$2.16+8.0%

Revenue

EstBeatMiss
$7.1B$7.4B$7.8B$8.1B$8.5BQ2'25Q3'26
QtrEstActual+/−
Q3'26$8.3B - -
Q2'25 - $7.2B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

CM Stock Snapshot

BEARISH27/100
$111.52+$0.02 (0.0%)
Market cap
141.31B
P/E ratio
14.0
Day range
$109.85 – $111.89
News sentiment
71/100 · Bullish
Analyst target
$118.52 (+6.3%)
Consensus
Hold · 25 analysts
52-week range+40.6% off low · -11.5% from high
$79.32$125.96
Price $111.52 DailyIQ Est. $119.92

Momentum has rolled over on Canadian Imperial Bank of Commerce, which is what drives the bearish read. The stock is liquid enough that positioning changes get absorbed without distorting the trend.

Behaviour On Record

What CM's own history says about today's numbers

Realized volatility (21d)
19.7% 64th pct
Below its peak
-9.9%
vs 200-day average
+4.0%
Up days (1y)
58%

Canadian Imperial Bank of Commerce is currently running 19.7% annualised volatility over the last 21 sessions. Measured against CM's own 13 years of daily returns rather than a market-wide average, that is the 64th percentile — a little above its own norm, against a typical reading of 16.8%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

CM is trading -9.9% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -15.4%, and the deepest was -44.2% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits +4.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 53rd percentile — close to the gap it normally carries. Over the past year CM closed higher on 58% of sessions, and it is currently 3 sessions into a rising streak.

On October specifically: over 13 years of records, CM finished the month higher 8 of 13 times, with a median return of +2.1% and an average of +1.1%. Its strongest month historically has been April at +3.2% on average, its weakest March at -3.2%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: CM has opened more than 2% away from the prior close in 94 of 3,267 sessions (2.9% of the time), with the largest gaps running +9.2% and -8.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-15 and 2026-10-13, split-adjusted, recomputed daily. Percentiles are against CM's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of CM's sector?

Canadian Imperial Bank of Commerce sits in the Financials sector, currently ranked 12th of 12 GICS sectors by relative-strength rotation score (improving). Within its narrower Banks industry group, CM ranks 14th of 15 tracked industries, improving.

Sector rank
#12 of 12
Sector state
Improving
Sector rotation score
18
Industry rank
#14 of 15

Options Market

What is the options market pricing for CM?

CallsPuts

For Canadian Imperial Bank of Commerce's nearest expiry (2026-10-16, 2 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.76), with at-the-money implied volatility around 50.0%. The options market is pricing roughly a ±3.7% move by that expiry — a range of about $77.65–$83.61.

Put/call ratio (2026-10-16)
0.76
ATM implied volatility
50.0%
Total open interest
6,472
Expected move by 2026-10-16
±3.7% ($77.65–$83.61)

Analyst Rating Changes

Are analysts turning bullish or bearish on CM?

RBC Capital most recently reiterated its rating on Canadian Imperial Bank of Commerce to Outperform on Jun 1, 2026 with a price target of $167 (from $147). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
RBC Capital — Outperform
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Jun 1, 2026RBC CapitalMaintainedOutperform$147 → $167
Aug 29, 2025RBC CapitalMaintainedOutperform$112 → $113
May 30, 2025BMO CapitalMaintainedOutperform$98 → $102
May 30, 2025RBC CapitalMaintainedOutperform$108 → $116
Feb 28, 2025BMO CapitalMaintainedOutperform$99 → $98
Feb 28, 2025RBC CapitalMaintainedOutperform$103 → $108
Jan 9, 2025RBC CapitalUpgradeSector Perform → Outperform$97 → $103
Dec 6, 2024RBC CapitalReiteratedSector Perform$74 → $97
Aug 30, 2024BMO CapitalMaintainedOutperform$77 → $81
May 31, 2024BMO CapitalMaintainedOutperform$74 → $77
Dec 18, 2023B of A SecuritiesUpgradeUnderperform → Neutral-
Sep 1, 2023BMO CapitalMaintainedOutperform$69 → $65

ETF holders

ETFs holding CM

Top ETF holdersWeight

News Sentiment Analysis

Sentiment gathered from recent headlines

71/100
Strong NegativeNeutralStrong Positive
BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Canadian Imperial Bank of Commerce reported robust Q3 earnings, driving a 16.8% adjusted return on equity and reinforcing its capital efficiency. Analysts noted the bank’s 245% multi‑year share price run, prompting a reassessment of its valuation relative to capital returns. The article highlighted a potential 32% discount to fair value, suggesting investors may be underpricing the bank’s earnings power. This assessment underscores a mild bullish view on the stock’s upside potential, tempered by valuation concerns.
What did this article say?
CIBC Global Asset Management introduced three mutual funds that bundle ETF strategies into a mutual fund format, expanding CM’s wealth‑management offerings to advisors and retail investors. The launch follows a year‑to‑date share price return of 25.69% and a one‑year total shareholder return of 43.56%, reinforcing the bank’s strong performance narrative. Analysts view the new products as a modest tailwind that may sustain investor interest, though the upside is considered already largely priced in.
What did this article say?
CIBC announced on October 6, 2026 that it received the Customer Experience Professionals Association’s Proven Business Impact Award, recognizing the bank’s client‑centric initiatives. The award highlighted CIBC’s efforts to simplify banking, deliver seamless digital experiences, and deepen client relationships. The recognition underscores the bank’s commitment to customer experience improvements, though it does not signal a material change in financial performance or strategic direction.
What did this article say?
On October 5, 2026, CIBC and CIBC Global Asset Management introduced three new mutual funds, including the CIBC All-Equity Growth ETF Portfolio and two Avantis CIBC funds. The launch expands the bank’s ETF offerings into a mutual fund format, providing investors broader access to core equity market exposures. The new products complement existing ETF portfolios and aim to offer low‑cost, diversified investment options for varying risk profiles.
What did this article say?
On October 4, 2026, the 35th annual Canadian Cancer Society CIBC Run for the Cure attracted more than 65,000 participants, with Team CIBC members contributing $2.81 million to the event. The fundraising effort helped the charity raise over $18 million in total, marking a record‑setting contribution from the bank’s team. The event underscores CIBC’s commitment to community engagement and corporate social responsibility. While the donation is significant for the charity, it does not materially impact the bank’s financial performance.
What did this article say?
Investors compared Canadian Imperial Bank (CM) with Banco Bilbao (BBVA) to assess value prospects. CM received a Zacks Rank of #3 (Hold), while BBVA was ranked #2 (Buy). The analysis highlighted that CM’s earnings outlook had not improved as much as BBVA’s, suggesting CM was a less attractive value option at the time.
What did this article say?
CIBC was recognized as the third-strongest bank in North America and ninth-strongest worldwide in the TAB Global 1000 2026 rankings. The ranking highlighted the bank’s resilience, financial discipline, and balance sheet strength. CIBC’s leadership emphasized continued focus on maintaining a robust balance sheet and investing in business growth.
What did this article say?
Canadian Imperial Bank of Commerce (CM) announced a total dividend of $0.78 per share, payable on October 28, 2026, with an ex‑dividend date of September 28, 2026. The dividend reflects the bank’s ongoing commitment to returning value to shareholders and aligns with its historical payout trends. The announcement provides a clear timeline for investors to qualify for the payment and underscores CM’s stable dividend policy.
What did this article say?
CIBC Asset Management announced the September 2026 cash distributions for its CIBC ETFs and related series, with unitholders receiving payments on October 5, 2026. The distributions are specified per unit in USD for several ETF tickers, including CUSD.U, CTUD.U, and others. The announcement is a routine distribution event and does not indicate any change in strategy, performance, or outlook for CM. No immediate impact on CM’s financials or guidance is expected.
What did this article say?
Canadian Imperial Bank of Commerce (CM) has completed several bond offerings in 2029‑2033, reinforcing its funding mix and supporting a CA$30 b revenue base. The new debt issuances are viewed as a prudent balance‑sheet move that may improve capital efficiency and risk‑adjusted returns. Investors are linking the bond activity to a 49.99% one‑year total shareholder return and a 29.35% YTD share‑price gain, suggesting renewed confidence in CM’s funding strategy. The market is pricing in modest upside from the debt‑funding discipline, but the impact is not transformative.

Technical Analysis

Real-time indicators across multiple timeframes

27
BEARISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
Unlock full technicals
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Institutional & Hedge Fund Ownership
25 tracked managers · $9.48B combined position · 13 adding, 12 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▲ Buy43,097,8413.40%$3.91B2026-01-29
Geode Capital Management, LLC▲ Buy10,622,9560.84%$1.26B2026-08-12
Norges Bank▼ Sell9,895,0190.78%$1.14B2026-08-12
Goldman Sachs Group Inc▲ Buy6,621,0960.52%$761.43M2026-08-14
Morgan Stanley▲ Buy4,624,3640.36%$531.80M2026-08-13
JPMorgan Chase & Co▼ Sell4,275,4510.34%$485.56M2026-08-12
Fisher Asset Management, LLC▲ Buy2,810,1000.22%$323.16M2026-08-04
Bank of America Corp▼ Sell2,378,1210.19%$273.48M2026-08-14
Invesco Ltd.▼ Sell1,817,7480.14%$209.04M2026-08-14
BlackRock, Inc.▲ Buy1,372,0300.11%$157.78M2026-08-07
Northern Trust Corp▼ Sell818,0250.06%$94.07M2026-08-13
Millennium Management LLC▼ Sell536,0670.04%$61.65M2026-08-14
Neuberger Berman Group LLC▲ Buy480,9150.04%$55.36M2026-08-13
AQR Capital Management LLC▲ Buy472,5930.04%$54.18M2026-08-14
Citigroup Inc▼ Sell393,8210.03%$45.33M2026-08-03
Janus Henderson Group plc▲ Buy214,5950.02%$20.30M2026-05-18
Citadel Advisors LLC▲ Buy166,1070.01%$19.10M2026-09-02
FMR LLC (Fidelity)▲ Buy152,6550.01%$17.58M2026-08-13
D. E. Shaw & Co., Inc.▲ Buy104,8000.01%$12.06M2026-08-14
AllianceBernstein L.P.▼ Sell113,5960.01%$10.76M2026-08-14
Renaissance Technologies LLC▼ Sell87,6280.01%$10.08M2026-08-13
Wellington Management Group LLP▼ Sell82,6040.01%$9.51M2026-08-14
Wells Fargo & Company▼ Sell55,6070.00%$6.39M2026-08-14
Susquehanna International Group, LLP▲ Buy43,0170.00%$4.95M2026-08-14
Man Group plc▼ Sell38,5580.00%$4.43M2026-08-14
Q2 2026 flow:4.71M sh bought ($545.49M)2.01M sh sold ($229.70M)net +2.70M sh (+$315.79M)
View full institutional holdings history →

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