Canadian Imperial Bank of Commerce (CM-T) Stock Predictions - Stockchase
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869
Canadian Imperial Bank of Commerce (CM-T)

ON STOCKCHASE SINCE Oct 2000

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Canadian Imperial Bank of... Canadian Imperial Bank of Commerce
CM-T

284 869
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Canadian Imperial Bank of Commerce (CM-T) SAVE

120.5

0.76 (0.63%)

Aug, 17, 2018, 12:00 am

OPINIONS

About Canadian Imperial Bank of Commerce (CM-T)

The Canadian Imperial Bank of Commerce, commonly referred to as CIBC, is one of the Big Five banks in Canada. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. More at Wikipedia

What the experts are saying about CM-T



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Signal Opinion Expert
TOP PICK

They are executing well in the US.  They are in the early stages.  We are in the early stages of enjoying the benefits of their acquisitions.  (Analysts’ target: $130.33).

banks

They are executing well in the US.  They are in the early stages.  We are in the early stages of enjoying the benefits of their acquisitions.  (Analysts’ target: $130.33).

banks
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$117.850
Owned Owned
Unknown

COMMENT

It has the largest mortgage portfolio in Canada, and 20% of Canadians are stressed about their mortgages. This probably is pressuring this stock, but he sees nothing wrong with CIBC. When the market rises, so will the banks.

banks

It has the largest mortgage portfolio in Canada, and 20% of Canadians are stressed about their mortgages. This probably is pressuring this stock, but he sees nothing wrong with CIBC. When the market rises, so will the banks.

banks
Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$115.870
Owned Owned
Unknown

HOLD

Housing could be an issue but CIBC is bearing the brunt of it.  They are at the high end of the six big banks.  He would rather buy it at lower rather than higher prices.  Growth will probably not be there as in the last months. 

banks

Housing could be an issue but CIBC is bearing the brunt of it.  They are at the high end of the six big banks.  He would rather buy it at lower rather than higher prices.  Growth will probably not be there as in the last months. 

banks
Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$114.990
Owned Owned
Yes

WEAK BUY

Even with a bad period, Canadian banks always bounce back. Buy the best of breed--TD, Scotia, Royal. But CIBC isn't in the top tier. That said, all the Canadian banks more or less trade in line over time. You can buy this, but there are
better Canadian banks.

banks

Even with a bad period, Canadian banks always bounce back. Buy the best of breed--TD, Scotia, Royal. But CIBC isn't in the top tier. That said, all the Canadian banks more or less trade in line over time. You can buy this, but there are
better Canadian banks.

banks
Michael Decter

President , Lawrence Decter Inve...

Price Price
$114.990
Owned Owned
Unknown

WATCH

Interest rates are rising and investors are doubting the stock. Also, the Canadian housing market is still correcting, ando ur household debt to income is the highest among industrialized countries. Their chart is not bearish, but it's lost upside momentum. Wait until it tests $104 again and whether it holds--then dip your toe in.

banks

Interest rates are rising and investors are doubting the stock. Also, the Canadian housing market is still correcting, ando ur household debt to income is the highest among industrialized countries. Their chart is not bearish, but it's lost upside momentum. Wait until it tests $104 again and whether it holds--then dip your toe in.

banks
William Chin

Portfolio , Caldwell Investment ...

Price Price
$113.240
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick April 28/17 Up 7%)   Their exposure to mortgages is causing some possible headwinds in a rising interest rate environment – due to the risk of higher defaults.  Their capital ratio is a little over 11% and they have good cost control.  It remains a good core holding.  Yield 4.7%. 

banks

(A Top Pick April 28/17 Up 7%)   Their exposure to mortgages is causing some possible headwinds in a rising interest rate environment – due to the risk of higher defaults.  Their capital ratio is a little over 11% and they have good cost control.  It remains a good core holding.  Yield 4.7%. 

banks
Michael Sprung

President, Sprung Investment Ma...

Price Price
$112.960
Owned Owned
Yes

COMMENT

 Despite an earnings beat the share price is down almost 2%.  The concern today is about mortgage origination.  CM-T has large exposure to the residential mortgage market.  This trend is scary for the sector as a whole.

banks

 Despite an earnings beat the share price is down almost 2%.  The concern today is about mortgage origination.  CM-T has large exposure to the residential mortgage market.  This trend is scary for the sector as a whole.

banks
Brooke Thackray

President, Jov Investment Manag...

Price Price
$115.090
Owned Owned
No

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. Portfo, Vestcap Investment M...

Price Price
$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...

Price Price
$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 , Caldwell Investment ...

Price Price
$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...

Price Price
$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 Exec, Acker Finley Inc....

Price Price
$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...

Price Price
$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 o, Trading Services Gro...

Price Price
$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 & P, First Avenue Advisor...

Price Price
$116.050
Owned Owned
Yes

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