
TSE:CM
He is neutral on the bank right now. Will do well if have a 5 year horizon. He favours TD, Royal, or BMO over CIBC. He would wait for a buying opportunity in the Canadian banks.
Still a fine name. If the Canadian real estate market is getting an all-clear, that makes it better. They have been getting into the US and that is paying off for them. Balance sheet is fine. Dividend is high and it is cheap. Nothing wrong with this name. Still not his favorite of the banks but you will do fine.