Canadian Imperial Bank of Commerce | StockChase
862
Canadian Imperial Bank of Commerce (CM-T)

Last Price Recorded: $116.3000 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

banks
862
Canadian Imperial Bank of Commerce (CM-T)

Last Price Recorded: $116.3000 on 2018-05-19

ON STOCKCHASE SINCE Oct 2000

banks

Canadian Imperial Bank of Commerce


Signal Opinion Expert
DON'T BUY

Banks in the US had good numbers but the stocks are all down.  So how much of the higher interest rates are already baked into the numbers.  Loan loss provisions are at low levels.  People are concerned about defaults.  He has not been adding banks.  This one's yield is higher than most, but he is not jumping up and down to buy more and is looking to expand elsewhere.

banks

Banks in the US had good numbers but the stocks are all down.  So how much of the higher interest rates are already baked into the numbers.  Loan loss provisions are at low levels.  People are concerned about defaults.  He has not been adding banks.  This one's yield is higher than most, but he is not jumping up and down to buy more and is looking to expand elsewhere.

banks
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$111.980
Owned Owned
Yes

BUY

One of his larger bank holdings.  There is a perception that they are more exposed to Canadian retail and mortgages, which is somewhat true.  It trades at a reasonable multiple of book and is well capitalized, so he is quite content to hold it.  Their last quarter was pretty good.

banks

One of his larger bank holdings.  There is a perception that they are more exposed to Canadian retail and mortgages, which is somewhat true.  It trades at a reasonable multiple of book and is well capitalized, so he is quite content to hold it.  Their last quarter was pretty good.

banks
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$110.520
Owned Owned
Yes

WEAK BUY

After a long consolidation, it is in a healthy up channel making higher highs and higher lows he says. Try to buy below the midpoint of the up-channel to reduce your risk of entry. 

banks

After a long consolidation, it is in a healthy up channel making higher highs and higher lows he says. Try to buy below the midpoint of the up-channel to reduce your risk of entry. 

banks
William Chin

Portfolio manager, Caldwell Investment ...

PricePrice
$117.050
Owned Owned
Unknown

DON'T BUY

The Canadian banks have done incredibly well since the recession. They offer great dividends, but how much further can they go? The bottom lines are phenomenal, but he is concerned that the banks might be making too much money. There is a risk of overexpanding -- banks often do stupid things when they have a lot of money coming in, resulting in huge writedowns. Therefore he would not buy any of the Canadian banks at this time. With interest rates going up, this is good for the banks, but the economy will turn. Remember 2008/2009 when you could have these stocks for a pittance--this will happen again.

banks

The Canadian banks have done incredibly well since the recession. They offer great dividends, but how much further can they go? The bottom lines are phenomenal, but he is concerned that the banks might be making too much money. There is a risk of overexpanding -- banks often do stupid things when they have a lot of money coming in, resulting in huge writedowns. Therefore he would not buy any of the Canadian banks at this time. With interest rates going up, this is good for the banks, but the economy will turn. Remember 2008/2009 when you could have these stocks for a pittance--this will happen again.

banks
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$119.280
Owned Owned
Unknown

HOLD

He is a fan of this company.  Canadian banks are not cheap, nor are they expensive.  He likes Bank of America (BAC-N) better as they are only paying out 20% of earnings versus up to 50% for CM-T.  Yield 4.5%.

banks

He is a fan of this company.  Canadian banks are not cheap, nor are they expensive.  He likes Bank of America (BAC-N) better as they are only paying out 20% of earnings versus up to 50% for CM-T.  Yield 4.5%.

banks
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$119.000
Owned Owned
Unknown

COMMENT

Hold CIBC (CM-T) or Cooper Tire & Rubber (CTB-N) in TFSA? CIBC for constant dividend growth and those dividends will compound without getting taxed.

banks

Hold CIBC (CM-T) or Cooper Tire & Rubber (CTB-N) in TFSA? CIBC for constant dividend growth and those dividends will compound without getting taxed.

banks
David Baskin

President, Baskin Wealth Manage...

PricePrice
$114.710
Owned Owned
Unknown

COMMENT

Will it split? He loves to see splits to be retail friendly. Doesn't see a split here.

banks

Will it split? He loves to see splits to be retail friendly. Doesn't see a split here.

banks
Elliott Fishman

Director of U.S. and international equity trading, Trading Services Gro...

PricePrice
$114.680
Owned Owned
Unknown

BUY

He thinks CIBC is one of the two best opportunities in the financial space in Canada, on a valuation basis. The other is National Bank (NA-T). With the selloff, CIBC currently trades at about 10 times, giving about a 4.5% yield. It is difficult to think of an environment in which a Canadian would not have this stock in their portfolio. You can enhance your return by buying at opportune times. This pullback gives a good buying opportunity.

banks

He thinks CIBC is one of the two best opportunities in the financial space in Canada, on a valuation basis. The other is National Bank (NA-T). With the selloff, CIBC currently trades at about 10 times, giving about a 4.5% yield. It is difficult to think of an environment in which a Canadian would not have this stock in their portfolio. You can enhance your return by buying at opportune times. This pullback gives a good buying opportunity.

banks
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$116.050
Owned Owned
Yes

WATCH

This is the strong seasonal period for Canada banks until mid-April.  They are doing well this year, but have not had that strong uplift we expect.  CM-T should come down to about $104.  It will underperform because it has less US exposure.  He would wait for strength before jumping in.

banks

This is the strong seasonal period for Canada banks until mid-April.  They are doing well this year, but have not had that strong uplift we expect.  CM-T should come down to about $104.  It will underperform because it has less US exposure.  He would wait for strength before jumping in.

banks
Brooke Thackray

President, Jov Investment Manag...

PricePrice
$115.820
Owned Owned
Unknown

BUY

He bought it a while ago, likes the chart. After the TSX settles out from this correction, the TSX might rally well in the spring and a rally in the TSX will include the bank stocks. Buy after the correction.

banks

He bought it a while ago, likes the chart. After the TSX settles out from this correction, the TSX might rally well in the spring and a rally in the TSX will include the bank stocks. Buy after the correction.

banks
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$115.820
Owned Owned
Yes

WEAK BUY

Banks have been played as investments that win in a rising interest rate environment.  You only get a 3% yield but as bonds goes up they looks more attractive.  He does not think dividends will grow as fast as in the past.

banks

Banks have been played as investments that win in a rising interest rate environment.  You only get a 3% yield but as bonds goes up they looks more attractive.  He does not think dividends will grow as fast as in the past.

banks
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$121.040
Owned Owned
Yes

BUY

A good commercial bank. It has improved in the later years concentrating more on the retail side and not trying to be an investment bank. They bought a bank in the US and they had to pay more than they expected. They are executing particularly well though on that acquisition. Cost structures continue to come down. Banking is changing in general like retail is.

banks

A good commercial bank. It has improved in the later years concentrating more on the retail side and not trying to be an investment bank. They bought a bank in the US and they had to pay more than they expected. They are executing particularly well though on that acquisition. Cost structures continue to come down. Banking is changing in general like retail is.

banks
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Ma...

PricePrice
$121.040
Owned Owned
No

HOLD

All Canadian banks have been home runs since the financial crisis. They are all in slightly different businesses. Toronto Dominion (TD-T) is more in the US, Royal (RY-T) is more in capital markets, etc. This one is more of a domestic bank and focused on retail and wealth management, so they are a bit less dynamic. If you own, hang onto it and just leave it alone. The banks are in good shape, as long as the Canadian consumer credit situation holds up.

banks

All Canadian banks have been home runs since the financial crisis. They are all in slightly different businesses. Toronto Dominion (TD-T) is more in the US, Royal (RY-T) is more in capital markets, etc. This one is more of a domestic bank and focused on retail and wealth management, so they are a bit less dynamic. If you own, hang onto it and just leave it alone. The banks are in good shape, as long as the Canadian consumer credit situation holds up.

banks
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Weal...

PricePrice
$121.600
Owned Owned
Unknown

HOLD

They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

banks

They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

banks
Don Lato

President, Padlock Investment M...

PricePrice
$121.930
Owned Owned
Unknown

HOLD

They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

banks

They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

banks
Don Lato

President, Padlock Investment M...

PricePrice
$121.930
Owned Owned
Unknown

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