CM Should I Buy
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Based on the user's long-term investment preference, beginner knowledge level, and available funds, Canadian Imperial Bank of Commerce (CM) is a good buy. The company's strong financial performance, positive analyst sentiment, and long-term growth potential outweigh the current technical weakness and slight market downturn.
The MACD histogram is negative and expanding, indicating bearish momentum. RSI is at 34.683, nearing oversold territory but still neutral. Moving averages are converging, showing no clear trend. The stock is trading near its S1 support level of 94.349, with resistance at 97.993.
Strong Q1 financial results with revenue up 14.52% YoY, net income up 43.95% YoY, and EPS up 46.58% YoY.
Analysts have consistently raised price targets, with multiple 'Outperform' and 'Buy' ratings.
Barclays upgraded the stock to Overweight, citing consistent earnings and return on equity expansion.
Current technical indicators suggest bearish momentum.
Broader market sentiment is negative, with the S&P 500 down 1.79%.
In Q1 2026, revenue increased to $8.203 billion (up 14.52% YoY), net income rose to $2.987 billion (up 43.95% YoY), and EPS grew to $3.21 (up 46.58% YoY). These results reflect strong growth in Capital Markets and Canadian Personal & Business Banking.
Analysts have raised price targets significantly, with the most recent targets ranging from C$135 to C$158. The consensus is positive, with multiple 'Outperform' and 'Buy' ratings, citing strong financial performance and undervaluation relative to peers.
