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Canadian Imperial Bank of Commerce (CM) Competitors

C$66.21
-0.21 (-0.32%)
(As of 05/28/2024 ET)

CM vs. BNS, NA, BMO, TD, RY, MFC, SLF, IFC, GWO, and FFH

Should you be buying Canadian Imperial Bank of Commerce stock or one of its competitors? The main competitors of Canadian Imperial Bank of Commerce include Bank of Nova Scotia (BNS), National Bank of Canada (NA), Bank of Montreal (BMO), Toronto-Dominion Bank (TD), Royal Bank of Canada (RY), Manulife Financial (MFC), Sun Life Financial (SLF), Intact Financial (IFC), Great-West Lifeco (GWO), and Fairfax Financial (FFH). These companies are all part of the "financial services" sector.

Canadian Imperial Bank of Commerce vs.

Canadian Imperial Bank of Commerce (TSE:CM) and Bank of Nova Scotia (TSE:BNS) are both large-cap financial services companies, but which is the better investment? We will compare the two businesses based on the strength of their community ranking, media sentiment, earnings, profitability, risk, analyst recommendations, dividends, valuation and institutional ownership.

Bank of Nova Scotia has higher revenue and earnings than Canadian Imperial Bank of Commerce. Canadian Imperial Bank of Commerce is trading at a lower price-to-earnings ratio than Bank of Nova Scotia, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Canadian Imperial Bank of CommerceC$21.32B2.91C$6.02BC$6.5410.12
Bank of Nova ScotiaC$29.40B2.70C$7.44BC$6.1110.64

51.5% of Canadian Imperial Bank of Commerce shares are held by institutional investors. Comparatively, 51.2% of Bank of Nova Scotia shares are held by institutional investors. 0.0% of Canadian Imperial Bank of Commerce shares are held by company insiders. Comparatively, 0.0% of Bank of Nova Scotia shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

In the previous week, Bank of Nova Scotia had 5 more articles in the media than Canadian Imperial Bank of Commerce. MarketBeat recorded 14 mentions for Bank of Nova Scotia and 9 mentions for Canadian Imperial Bank of Commerce. Canadian Imperial Bank of Commerce's average media sentiment score of 0.89 beat Bank of Nova Scotia's score of 0.32 indicating that Canadian Imperial Bank of Commerce is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Canadian Imperial Bank of Commerce
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Bank of Nova Scotia
4 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Bank of Nova Scotia received 55 more outperform votes than Canadian Imperial Bank of Commerce when rated by MarketBeat users. Likewise, 55.03% of users gave Bank of Nova Scotia an outperform vote while only 50.41% of users gave Canadian Imperial Bank of Commerce an outperform vote.

CompanyUnderperformOutperform
Canadian Imperial Bank of CommerceOutperform Votes
426
50.41%
Underperform Votes
419
49.59%
Bank of Nova ScotiaOutperform Votes
481
55.03%
Underperform Votes
393
44.97%

Canadian Imperial Bank of Commerce has a net margin of 29.50% compared to Bank of Nova Scotia's net margin of 26.75%. Canadian Imperial Bank of Commerce's return on equity of 12.14% beat Bank of Nova Scotia's return on equity.

Company Net Margins Return on Equity Return on Assets
Canadian Imperial Bank of Commerce29.50% 12.14% 0.67%
Bank of Nova Scotia 26.75%10.20%0.58%

Canadian Imperial Bank of Commerce presently has a consensus price target of C$67.23, indicating a potential upside of 1.53%. Bank of Nova Scotia has a consensus price target of C$67.44, indicating a potential upside of 3.68%. Given Bank of Nova Scotia's higher probable upside, analysts plainly believe Bank of Nova Scotia is more favorable than Canadian Imperial Bank of Commerce.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Canadian Imperial Bank of Commerce
0 Sell rating(s)
8 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.38
Bank of Nova Scotia
1 Sell rating(s)
12 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00

Canadian Imperial Bank of Commerce has a beta of 1.11, suggesting that its share price is 11% more volatile than the S&P 500. Comparatively, Bank of Nova Scotia has a beta of 0.98, suggesting that its share price is 2% less volatile than the S&P 500.

Canadian Imperial Bank of Commerce pays an annual dividend of C$3.60 per share and has a dividend yield of 5.4%. Bank of Nova Scotia pays an annual dividend of C$4.24 per share and has a dividend yield of 6.5%. Canadian Imperial Bank of Commerce pays out 55.0% of its earnings in the form of a dividend. Bank of Nova Scotia pays out 69.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Summary

Canadian Imperial Bank of Commerce beats Bank of Nova Scotia on 11 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CM and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CM vs. The Competition

MetricCanadian Imperial Bank of CommerceBanks IndustryFinancial SectorTSE Exchange
Market CapC$62.06BC$77.83BC$3.03BC$4.82B
Dividend Yield5.35%4.84%4.62%6.24%
P/E Ratio10.12199.91476.7025.39
Price / Sales2.91103.912,428.392,748.35
Price / Cash0.220.1748.3476.02
Price / Book1.211.251.553.88
Net IncomeC$6.02BC$8.07BC$387.38MC$273.29M
7 Day Performance-1.21%-0.51%5.84%-0.93%
1 Month Performance1.28%6.82%1.85%2.28%
1 Year Performance15.07%24.00%23.59%30.54%

Canadian Imperial Bank of Commerce Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BNS
Bank of Nova Scotia
1.2464 of 5 stars
C$66.21
+0.5%
C$67.41
+1.8%
-1.8%C$80.78BC$29.40B10.8489,249News Coverage
NA
National Bank of Canada
1.6562 of 5 stars
C$115.37
-0.3%
C$110.50
-4.2%
+13.9%C$39.21BC$9.89B12.1428,730Upcoming Earnings
BMO
Bank of Montreal
2.6509 of 5 stars
C$129.17
-0.4%
C$133.33
+3.2%
+14.0%C$93.71BC$31.18B17.7955,767Upcoming Earnings
TD
Toronto-Dominion Bank
2.7903 of 5 stars
C$77.63
-0.4%
C$89.05
+14.7%
-1.6%C$137.41BC$50.40B12.26103,179Earnings Report
Dividend Announcement
Analyst Revision
RY
Royal Bank of Canada
1.8718 of 5 stars
C$144.53
-0.6%
C$140.36
-2.9%
+17.1%C$203.79BC$53.51B13.4290,166Upcoming Earnings
Positive News
MFC
Manulife Financial
1.0691 of 5 stars
C$36.00
-0.1%
C$37.30
+3.6%
+43.0%C$64.80BC$27.47B15.4538,000Positive News
High Trading Volume
SLF
Sun Life Financial
3.3551 of 5 stars
C$69.91
-0.7%
C$76.09
+8.8%
+4.9%C$40.63BC$31.41B13.2230,941Dividend Increase
News Coverage
High Trading Volume
IFC
Intact Financial
1.8158 of 5 stars
C$227.74
-0.8%
C$247.30
+8.6%
+12.9%C$40.61BC$29.04B26.4530,000
GWO
Great-West Lifeco
0.8106 of 5 stars
C$43.02
+0.6%
C$44.00
+2.3%
+8.8%C$40.13BC$32.17B12.2633,500News Coverage
High Trading Volume
FFH
Fairfax Financial
2.3946 of 5 stars
C$1,550.00
-0.1%
C$1,820.83
+17.5%
+58.2%C$33.81BC$31.89B7.3747,040Insider Selling

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This page (TSE:CM) was last updated on 5/28/2024 by MarketBeat.com Staff

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