CM vs. BNS, NA, BMO, TD, RY, MFC, BN, SLF, IFC, and GWO
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), Brookfield (BN), Sun Life Financial (SLF), Intact Financial (IFC), and Great-West Lifeco (GWO). These companies are all part of the "financial services" sector.
Bank of Nova Scotia (TSE:BNS) and Canadian Imperial Bank of Commerce (TSE:CM) are both large-cap financial services companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, profitability, valuation, analyst recommendations, dividends, media sentiment, community ranking, earnings and institutional ownership.
In the previous week, Bank of Nova Scotia had 1 more articles in the media than Canadian Imperial Bank of Commerce. MarketBeat recorded 2 mentions for Bank of Nova Scotia and 1 mentions for Canadian Imperial Bank of Commerce. Bank of Nova Scotia's average media sentiment score of 1.02 beat Canadian Imperial Bank of Commerce's score of 0.86 indicating that Canadian Imperial Bank of Commerce is being referred to more favorably in the news media.
Bank of Nova Scotia presently has a consensus price target of C$66.97, suggesting a potential upside of 6.71%. Canadian Imperial Bank of Commerce has a consensus price target of C$65.81, suggesting a potential upside of 2.16%. Given Canadian Imperial Bank of Commerce's higher probable upside, equities research analysts clearly believe Bank of Nova Scotia is more favorable than Canadian Imperial Bank of Commerce.
Canadian Imperial Bank of Commerce has a net margin of 29.50% compared to Canadian Imperial Bank of Commerce's net margin of 26.75%. Bank of Nova Scotia's return on equity of 12.14% beat Canadian Imperial Bank of Commerce's return on equity.
Bank of Nova Scotia has a beta of 0.96, suggesting that its share price is 4% less volatile than the S&P 500. Comparatively, Canadian Imperial Bank of Commerce has a beta of 1.1, suggesting that its share price is 10% more volatile than the S&P 500.
49.5% of Bank of Nova Scotia shares are held by institutional investors. Comparatively, 49.1% of Canadian Imperial Bank of Commerce shares are held by institutional investors. 0.0% of Bank of Nova Scotia shares are held by company insiders. Comparatively, 0.0% of Canadian Imperial Bank of Commerce shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
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.
Bank of Nova Scotia pays an annual dividend of C$4.24 per share and has a dividend yield of 6.7%. Canadian Imperial Bank of Commerce pays an annual dividend of C$3.60 per share and has a dividend yield of 5.6%. Bank of Nova Scotia pays out 69.4% of its earnings in the form of a dividend. Canadian Imperial Bank of Commerce pays out 55.0% 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.
Bank of Nova Scotia received 57 more outperform votes than Canadian Imperial Bank of Commerce when rated by MarketBeat users. Likewise, 55.16% of users gave Bank of Nova Scotia an outperform vote while only 50.42% of users gave Canadian Imperial Bank of Commerce an outperform vote.
Summary
Canadian Imperial Bank of Commerce beats Bank of Nova Scotia on 10 of the 19 factors compared between the two stocks.
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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.
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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