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 (TSE:CM) and Bank of Nova Scotia (TSE:BNS) are both large-cap financial services companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, community ranking, media sentiment, valuation, dividends, profitability, earnings, analyst recommendations and risk.
Canadian Imperial Bank of Commerce currently has a consensus target price of C$67.23, suggesting a potential downside of 0.02%. Bank of Nova Scotia has a consensus target price of C$67.41, suggesting a potential upside of 2.27%. Given Bank of Nova Scotia's higher probable upside, analysts clearly believe Bank of Nova Scotia is more favorable than Canadian Imperial Bank of Commerce.
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 large money managers, endowments and hedge funds believe a stock 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.
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 6.4%. 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.
In the previous week, Canadian Imperial Bank of Commerce had 7 more articles in the media than Bank of Nova Scotia. MarketBeat recorded 11 mentions for Canadian Imperial Bank of Commerce and 4 mentions for Bank of Nova Scotia. Canadian Imperial Bank of Commerce's average media sentiment score of 0.53 beat Bank of Nova Scotia's score of 0.50 indicating that Canadian Imperial Bank of Commerce is being referred to more favorably in the media.
Canadian Imperial Bank of Commerce has a beta of 1.11, suggesting that its stock price is 11% more volatile than the S&P 500. Comparatively, Bank of Nova Scotia has a beta of 0.98, suggesting that its stock price is 2% less volatile than the S&P 500.
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.
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.
Summary
Canadian Imperial Bank of Commerce beats Bank of Nova Scotia on 12 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.
Canadian Imperial Bank of Commerce Competitors List
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