Took some profits on Canadian banks just after earnings. When stocks stop rising on good news, take some profits. Across the board, banks beat expectations. Still owns this, BMO and BNS. Dividend is safe and capital levels are so high right now, you will see buybacks being allowed back along with dividend increases. Will buy when there is some weakness.
Took some profits on Canadian banks just after earnings. When stocks stop rising on good news, take some profits. Across the board, banks beat expectations. Still owns this, BMO and BNS. Dividend is safe and capital levels are so high right now, you will see buybacks being allowed back along with dividend increases. Will buy when there is some weakness.
Tends to lag in all but very strong market conditions. One of the more aggressive of the Canadian banks. He's cautious. A very positive macro environment has created the returns you'd expect from the banks. He favours BMO or NA as, when regulatory restrictions are lifted, these are the two most likely to hike dividends.
Tends to lag in all but very strong market conditions. One of the more aggressive of the Canadian banks. He's cautious. A very positive macro environment has created the returns you'd expect from the banks. He favours BMO or NA as, when regulatory restrictions are lifted, these are the two most likely to hike dividends.
His favourite of the Canadian banks right now. Around 8-10x earnings. Good yield relative to some of the others. Price to book is at the mid-lower end. He also likes RY and BNS.
It's a lot more competitively priced than Royal. It trades at 1.4x book and pays a safe dividend over 4.5%. He expects growth in the coming years. The banks have been unable to raise dividends, but that's likely to change if the recovery takes hold.
It's a lot more competitively priced than Royal. It trades at 1.4x book and pays a safe dividend over 4.5%. He expects growth in the coming years. The banks have been unable to raise dividends, but that's likely to change if the recovery takes hold.
Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.
Canadian bank for dividends? For a 10-15 year time horizon, the Canadian banks are a pocket of value. They are trading less than 10 times forward earnings, which already include loan loss provisions. They have high asset qualities. Buying here is a winning formula for the long term. The dividend will pay you to wait for the market to return to normal post-pandemic. TD, RY and BNS happen to be the ones he favors for his clients. They have exposure to international markets. BNS has the best valuation and the dividend yield is better than its peers.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 9
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, 9 stock analysts published opinions about CM-T. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Canadian Imperial Bank of Commerce.
Canadian Imperial Bank of Commerce was recommended as a Top Pick by Michael Sprung on 2021-07-20. 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.
9 stock analysts on Stockchase covered Canadian Imperial Bank of Commerce In the last year. It is a trending stock that is worth watching.
On 2021-08-04, Canadian Imperial Bank of Commerce (CM-T) stock closed at a price of $144.23.
