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Compiling comments that experts make about stocks while on public TV.

2017-04-20

Opinion for Canadian Imperial Bank of Commerce (CM-T)

Signal Price Bias Subject Owned
BUY $112.540 UNKNOWN DIVIDEND STOCKS AND MACRO STRATEGIES Unknown

From a valuation metric, this would look like a certain Buy. It has the cheapest valuation for a bank. Trading at 11.5X earnings. High dividend yield of about 7.5%. In the last 8 quarters, they have beaten on earnings and on revenue. There is the acquisition of the US bank which they had to pay up for. They are going to have to issue equity, which may cause some near-term weakness. Also, it is the least geographical diverse Canadian bank and is the most reliant on the Canadian consumer.

Lorne Zeiler
Portfolio Manager & Wealth Advisor, TriDelta Financial

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