CM Should I Buy
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Canadian Imperial Bank of Commerce (CM) is a good buy right now for a beginner investor with a long-term horizon and $50,000-$100,000 to deploy. The stock is supported by strong recent earnings growth, improving analyst sentiment, and a constructive technical setup with price holding above key moving averages. Since the investor is impatient and does not want to wait for a perfect entry, this is still a reasonable entry now rather than a stock to keep waiting on.
CM is in a generally bullish technical trend: SMA_5 > SMA_20 > SMA_200, which supports upward momentum over short, medium, and long-term horizons. RSI_6 at 53.85 is neutral and does not indicate overbought conditions, so there is room for further upside. The MACD histogram is slightly negative at -0.156 and expanding lower, which shows some near-term momentum softness, but it is not enough to override the broader bullish moving-average structure. Price at 110.48 is essentially at the pivot level of 110.327, with near resistance at 112.59 and 113.988 and support at 108.064 and 106.666. Overall, the chart is constructive and suitable for a long-term entry.
["2026/Q1 revenue rose 14.52% YoY to 8.203B.", "2026/Q1 net income surged 43.95% YoY to 2.987B.", "2026/Q1 EPS increased 46.58% YoY to 3.21.", "Analyst targets have trended upward across multiple firms, including Scotiabank, Barclays, RBC Capital, TD Securities, and BMO.", "Recent analyst commentary highlights stronger-than-expected results, solid revenues, and strong net interest margins.", "Bullish moving-average alignment suggests the stock remains in an uptrend.", "No negative news was reported in the recent week."]
["MACD histogram is negative and expanding, showing some near-term momentum weakness.", "Recent options flow shows a slightly higher put volume ratio of 1.1, suggesting some hedging interest.", "Hedge funds and insiders are both neutral with no significant buying trends.", "No recent news catalysts were available in the past week, so there is no fresh event-driven upside catalyst.", "Compared with upside targets, the current price is already closer to the near-term pivot than to a clear deep-discount entry."]
In 2026/Q1, CIBC posted strong year-over-year growth. Revenue increased 14.52% to 8.203 billion, net income rose 43.95% to 2.987 billion, and EPS climbed 46.58% to 3.21. These are very strong quarterly results and indicate improving earnings momentum, with profitability growing faster than revenue. This quarter reflects healthy fundamental momentum for a long-term investor.
Analyst sentiment has clearly improved over the recent months. Scotiabank raised its target to C$159 and kept Outperform, Barclays raised to C$141 then upgraded to Overweight, RBC Capital lifted its target to C$158 and kept Outperform, TD Securities raised to C$153 and kept Buy, and BMO Capital raised to C$150 and kept Outperform. The overall Wall Street view is constructive: pros include better earnings execution, strong revenue growth, improving net interest margins, and a valuation that still appears reasonable versus peers. The main con is that the stock is no longer an overlooked recovery name, so upside may be steadier than explosive.
