Stock

Canadian Imperial Bank of Commerce

CM
58
Banks - Diversified · Financial Services
Also trades as: CM.TO CAD 158.87 (-0.33%)
Price
$112.48
+0.22 (+0.20%)
Market Cap
$102.13B
Exchange
New York Stock Exchange
Winston Score
58
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Oct 18, 2026 · filings through Jul 31, 2026

§How the score breaks down

Bank Quality
Not counted
n/a
Growth
Strong
16/20
Capital Strength
Not counted
n/a
Asset Quality
Not counted
n/a
Valuation
Good
5/10
Ownership
Mixed
4/15
Dividends
Strong
4/5

29 of 50 counted points = Winston Score 58. Pillars marked n/a do not apply to this company and are left out of the total.

Share count rising — dilution

+4.5% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 900.4M (2021) → 940.7M (2025)

§Winston Score History

The full picture

Canadian Imperial Bank of Commerce, known as CIBC, is one of Canada's five largest banks. It offers everyday banking services like checking accounts, mortgages, credit cards, and loans to millions of individual customers, as well as financial services to businesses and large corporations. CIBC also runs a wealth management division that helps clients invest and plan for retirement.

CIBC earns money primarily through interest on loans, fees for banking services, and commissions on investment products. It operates mainly in Canada but has a growing presence in the United States, particularly through its subsidiary CIBC Bank USA, which focuses on private wealth and commercial banking. As one of Canada's "Big Five" banks, CIBC benefits from a heavily regulated industry that limits foreign competition, giving established players a durable advantage. The key risk the bank faces is its heavy exposure to the Canadian housing market, where high household debt levels could lead to rising loan losses if interest rates stay elevated or the economy slows.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+15.7% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

C$0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

1.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

C$1.1T cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Canadian Imperial Bank of Commerce is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Bank Quality

Not applicable for this business.

Growth

Sales growth
Sales YoY
+0.2%
Nearly flat sales (+0.2% YoY)
Profit growth
EPS YoY
+26.0%
Earnings growing fast (+26.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

Price vs profit
P/E Ratio (TTM)
10.7x
Attractive valuation — P/E 10.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
-4.1
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend
Dividend Yield
2.72%
Moderate income — 2.72% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+10.3%
Dividend growing fast (10.3% YoY)
Payout Ratio
43%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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