It's a good time to buy the big 6 banks. Yields are very high, with CM yielding 7.5%. It's a good time for a young investor to initiate positions. No bank will have its earnings totally obliterated during this crisis. Prices have rolled back. You can now buy a bank at book value or 1.5x book, which is a rare opportunity. Yes, ROE will be compressed if loan losses rise, but requirements have recently been loosened, which takes some pressure off. TD and BMO are more exposed to the U.S. where there are some commercial credit problems, so he's cooler on those, and hotter on the other big 6, including CIBC.
It's a good time to buy the big 6 banks. Yields are very high, with CM yielding 7.5%. It's a good time for a young investor to initiate positions. No bank will have its earnings totally obliterated during this crisis. Prices have rolled back. You can now buy a bank at book value or 1.5x book, which is a rare opportunity. Yes, ROE will be compressed if loan losses rise, but requirements have recently been loosened, which takes some pressure off. TD and BMO are more exposed to the U.S. where there are some commercial credit problems, so he's cooler on those, and hotter on the other big 6, including CIBC.
He owns TD and Royal. People are worried that with the price of oil so low, we'll go into recession, rates will go down, and the Canadian consumer is more highly leveraged than the US consumer. Banks are trading at reasonable multiples with good balance sheets. Risk profile is not what the US was in 2008. Makes a lot of sense to own any of them now for the long term.
He owns TD and Royal. People are worried that with the price of oil so low, we'll go into recession, rates will go down, and the Canadian consumer is more highly leveraged than the US consumer. Banks are trading at reasonable multiples with good balance sheets. Risk profile is not what the US was in 2008. Makes a lot of sense to own any of them now for the long term.
He switched from BMO-T to CM-T last year. It is still not his largest banking holding. It is a bit of a catch-up trade.
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 27
Neutral - Hold Signals / Votes : 11
Bearish - Sell Signals / Votes : 14
Total Signals / Votes : 52
Canadian Imperial Bank of Commerce is a Canadian stock, trading under the symbol CM-T on the Toronto Stock Exchange (CM-CT). It is usually referred to as TSX:CM or CM-T
In the last year, 52 stock analysts published opinions about CM-T. 27 analysts recommended to BUY the stock. 14 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Imperial Bank of Commerce.
Canadian Imperial Bank of Commerce was recommended as a Top Pick by Brett Girard, CPA, CA, CFA on 2020-04-01. Read the latest stock experts ratings for Canadian Imperial Bank of Commerce.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
52 stock analysts on Stockchase covered Canadian Imperial Bank of Commerce In the last year. It is a trending stock that is worth watching.
On 2020-04-03, Canadian Imperial Bank of Commerce (CM-T) stock closed at a price of $76.62.
