Canadian Imperial Bank of Commerce (CM) vs Toronto Dominion Bank (TD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Toronto Dominion Bank (TD) has outperformed Canadian Imperial Bank of Commerce (CM) over the past year, gaining 40.7% versus a gain of 32.8%. Over five years, CM leads with a +81.7% price change compared with +62.0% for TD. Toronto Dominion Bank is the larger company by market cap ($185.95 billion vs $98.36 billion), about 1.9 times the size.
On valuation, Canadian Imperial Bank of Commerce trades at a lower forward P/E (13.6x vs 14.5x for Toronto Dominion Bank). Canadian Imperial Bank of Commerce offers the higher dividend yield (3.86% vs 3.80%).
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 | TD |
|---|---|---|
| Share price | $108.33 | $113.87 |
| Market cap | $98.36B | $185.95B |
| 1-day change | -2.92% | -3.65% |
| YTD return | +19.56% | +20.88% |
| 1-year return | +32.79% | +40.74% |
| 5-year return | +81.70% | +61.95% |
| P/E ratio (TTM) | 14.84 | 16.89 |
| Forward P/E | 13.56 | 14.46 |
| EPS (TTM) | $7.30 | $6.74 |
| Dividend yield | 3.86% | 3.80% |
| Annual dividend | $4.18 | $4.33 |
| 52-week high | $124.86 | $125.47 |
| 52-week low | $79.32 | $77.95 |
| Distance from 52-week high | -13.24% | -9.25% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +9.30% | +4.87% |
| Average volume | 1.22M | 2.25M |
| Shares outstanding | 907.94M | 1.63B |
| Employees | 51,711 | 105,005 |
| 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.
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 Toronto Dominion Bank
TD stock →The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S.
Finance · Commercial Banks · 105,005 employees
CM vs TD FAQ
Which is bigger, Canadian Imperial Bank of Commerce or Toronto Dominion Bank?
Toronto Dominion Bank (TD) is larger, with a market capitalization of $185.95B compared with $98.36B for Canadian Imperial Bank of Commerce (CM).
Which stock has performed better over the past year, CM or TD?
TD returned +40.74% over the past 12 months, compared with +32.79% for CM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CM or TD?
CM has the lower trailing P/E at 14.8, versus 16.9 for TD. 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 Toronto Dominion Bank?
Canadian Imperial Bank of Commerce has the higher yield at 3.86%, compared with 3.80% for Toronto Dominion Bank.
Are Canadian Imperial Bank of Commerce and Toronto Dominion Bank in the same industry?
Yes. Both are classified in the Commercial Banks industry within the Finance sector.