Canadian Imperial Bank of Commerce (CM) vs Royal Bank Of Canada (RY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Canadian Imperial Bank of Commerce (CM) has outperformed Royal Bank Of Canada (RY) over the past year, gaining 32.8% versus a gain of 31.1%. Over five years, CM leads with a +81.7% price change compared with +81.3% for RY. Royal Bank Of Canada is the larger company by market cap ($264.47 billion vs $98.57 billion), about 2.7 times the size.
On valuation, Canadian Imperial Bank of Commerce trades at a lower forward P/E (13.6x vs 15.2x for Royal Bank Of Canada). Canadian Imperial Bank of Commerce offers the higher dividend yield (3.85% vs 3.44%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CM | RY |
|---|---|---|
| Share price | $108.56 | $191.03 |
| Market cap | $98.57B | $264.47B |
| 1-day change | +0.21% | -0.10% |
| YTD return | +19.56% | +12.16% |
| 1-year return | +32.79% | +31.09% |
| 5-year return | +81.70% | +81.27% |
| P/E ratio (TTM) | 14.44 | 16.70 |
| Forward P/E | 13.55 | 15.19 |
| EPS (TTM) | $7.52 | $11.44 |
| Dividend yield | 3.85% | 3.44% |
| Annual dividend | $4.18 | $6.58 |
| 52-week high | $124.86 | $218.57 |
| 52-week low | $79.32 | $143.13 |
| Distance from 52-week high | -13.05% | -12.60% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +9.07% | +8.54% |
| Average volume | 1.22M | 1.24M |
| Shares outstanding | 907.94M | 1.38B |
| Employees | 51,711 | 101,269 |
| Sector | Finance | Finance |
| Industry | Commercial Banks | Commercial Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Royal Bank Of Canada is about 2.7 times larger than Canadian Imperial Bank of Commerce by market value ($264.47B vs $98.57B).
About Canadian Imperial Bank of Commerce
CM stock →Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.
Finance · Commercial Banks · 51,711 employees
About Royal Bank Of Canada
RY stock →Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions.
Finance · Commercial Banks · 101,269 employees
CM vs RY FAQ
Which is bigger, Canadian Imperial Bank of Commerce or Royal Bank Of Canada?
Royal Bank Of Canada (RY) is larger, with a market capitalization of $264.47B compared with $98.57B for Canadian Imperial Bank of Commerce (CM).
Which stock has performed better over the past year, CM or RY?
CM returned +32.79% over the past 12 months, compared with +31.09% for RY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CM or RY?
CM has the lower trailing P/E at 14.4, versus 16.7 for RY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Canadian Imperial Bank of Commerce or Royal Bank Of Canada?
Canadian Imperial Bank of Commerce has the higher yield at 3.85%, compared with 3.44% for Royal Bank Of Canada.
Are Canadian Imperial Bank of Commerce and Royal Bank Of Canada in the same industry?
Yes. Both are classified in the Commercial Banks industry within the Finance sector.