CM vs. TD: Cdn Imperial Bank of Commerce vs. Toronto-Dominion Bank Stock Comparison

Company Profile

Cdn Imperial Bank of Commerce (CM) and Toronto-Dominion Bank (TD) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Cdn Imperial Bank of Commerce (CM) at 15.58% sits in the top ROE quartile, while Toronto-Dominion Bank (TD) at 12.83% is closer to the peer norm — stronger capital efficiency for CM.

Cdn Imperial Bank of Commerce (CM) at 33.74% keeps about the industry-typical share of revenue as profit, while Toronto-Dominion Bank (TD) at 26.62% retains only a bottom-quartile share.

Neither side reports a meaningful operating margin: for Cdn Imperial Bank of Commerce (CM) in Banks and Toronto-Dominion Bank (TD) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both Cdn Imperial Bank of Commerce (CM) at 13.66% and Toronto-Dominion Bank (TD) at 8.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Toronto-Dominion Bank (TD) at 144.92% clears its industry range for EPS growth, a much stronger earnings trajectory than Cdn Imperial Bank of Commerce (CM) at 17.72%, which is closer to a typical peer reading.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Cdn Imperial Bank of Commerce (CM) in Banks and Toronto-Dominion Bank (TD) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Cdn Imperial Bank of Commerce (CM) in Banks and Toronto-Dominion Bank (TD) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Both Cdn Imperial Bank of Commerce (CM) at 3.62% and Toronto-Dominion Bank (TD) at 3.52% offer top-quartile dividend income relative to share price within their industries.

Cdn Imperial Bank of Commerce (CM) at 40.12% pays out a band-typical share of earnings, while Toronto-Dominion Bank (TD) at 46.36% distributes more than its industry norm — less retained, thinner cover.

Dividend Metrics

Valuation

Both Cdn Imperial Bank of Commerce (CM) at 15.32 and Toronto-Dominion Bank (TD) at 18.16 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

P/S ratio is set aside for both Cdn Imperial Bank of Commerce (CM) in Banks and Toronto-Dominion Bank (TD) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

Both Cdn Imperial Bank of Commerce (CM) at 2.24 and Toronto-Dominion Bank (TD) at 2.27 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics