Canadian Imperial Bank of Commerce
CM-T
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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.
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Opinion
Expert
HOLD
HOLD
October 7, 2019
He is luke warm on Canadian banks. He owns BNS-T and CWB-T. It has not been the best run bank historically. The dividend is safe unless something horrific happens. It will probably continue to grow its dividend.
He is luke warm on Canadian banks. He owns BNS-T and CWB-T. It has not been the best run bank historically. The dividend is safe unless something horrific happens. It will probably continue to grow its dividend.
banks
COMMENT
COMMENT
September 20, 2019
Canadian banks have gotten very cheap now. CIBC has a US presence but it’s mainly in Canada. RBC has more resources with a global presence. He thinks that banks are still a good place to be. Would be buying Royal Bank and TD.
Canadian banks have gotten very cheap now. CIBC has a US presence but it’s mainly in Canada. RBC has more resources with a global presence. He thinks that banks are still a good place to be. Would be buying Royal Bank and TD.
banks
BUY
BUY
September 12, 2019
The breakout above $105 is very encouraging and he picked it up. We just punched through the 200 day moving average. This stock is outperforming the S&P.
The breakout above $105 is very encouraging and he picked it up. We just punched through the 200 day moving average. This stock is outperforming the S&P.
banks
TOP PICK
TOP PICK
September 9, 2019
They surprised everybody in the last quarter with earnings. You get over 5.5% yield. The valuation of this banks is out of kilter with the other banks. People are concerned that they are too Canada-centric. At this price it is his Top Pick. It is a screaming buy at $100. (Analysts’ price target is $110.94)
They surprised everybody in the last quarter with earnings. You get over 5.5% yield. The valuation of this banks is out of kilter with the other banks. People are concerned that they are too Canada-centric. At this price it is his Top Pick. It is a screaming buy at $100. (Analysts’ price target is $110.94)
banks
DON'T BUY
DON'T BUY
September 9, 2019
Facing same issues as all the banks. Cheaper valuation, so bit more protected on the downside. No earnings growth. Not getting the spread when rates are compressed.
Facing same issues as all the banks. Cheaper valuation, so bit more protected on the downside. No earnings growth. Not getting the spread when rates are compressed.
banks
BUY
BUY
September 6, 2019
Seasonality around October, as it is year end for them. It’s at an attractive place. It’s at the low end of its trading range so he would be a buyer here. It won’t stay here for too long.
Seasonality around October, as it is year end for them. It’s at an attractive place. It’s at the low end of its trading range so he would be a buyer here. It won’t stay here for too long.
banks
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
$103.540
Unknown
COMMENT
COMMENT
September 4, 2019
CIBC vs CN Rail for income? He would be getting out of all the Canadian rails at this point. The banks are also getting hurt. Negative interest rate curves are a warning that something ugly is going to happen. The GDP will fall and interest rates will begin to rise. He would therefore buy into CM-T and drop CNR-T.
CIBC vs CN Rail for income? He would be getting out of all the Canadian rails at this point. The banks are also getting hurt. Negative interest rate curves are a warning that something ugly is going to happen. The GDP will fall and interest rates will begin to rise. He would therefore buy into CM-T and drop CNR-T.
banks
DON'T BUY
DON'T BUY
September 4, 2019
The most exposed Canadian bank to Canada and one of the weakest Canadian banks. Their capital markets business is losing market shares. Their asset management strategy is poorly developed. They are expanding into commercial lending in the States, which looks good, 12% of their overall business. The dividend pays a high 5.7%, but look elsewhere for a better total return.
The most exposed Canadian bank to Canada and one of the weakest Canadian banks. Their capital markets business is losing market shares. Their asset management strategy is poorly developed. They are expanding into commercial lending in the States, which looks good, 12% of their overall business. The dividend pays a high 5.7%, but look elsewhere for a better total return.
banks
DON'T BUY
DON'T BUY
August 29, 2019
Problem is that it's not at the bottom of its range. Possibility of going down to $90. Looks as though it's broken through 2017-18 support. If he had to buy a bank now, this one would not be it.
Problem is that it's not at the bottom of its range. Possibility of going down to $90. Looks as though it's broken through 2017-18 support. If he had to buy a bank now, this one would not be it.
banks
HOLD
HOLD
August 28, 2019
banks
DON'T BUY
DON'T BUY
August 23, 2019
Recently reduced individual bank exposure. He's decided to bring it back to a market exposure. It's not a good environment for the banks, with low interest rates. Probably have a recession coming, and the banks will struggle. Earnings growth will probably stall. Could do better in other ETFs. Higher risk in the banking group.
Recently reduced individual bank exposure. He's decided to bring it back to a market exposure. It's not a good environment for the banks, with low interest rates. Probably have a recession coming, and the banks will struggle. Earnings growth will probably stall. Could do better in other ETFs. Higher risk in the banking group.
banks
COMMENT
COMMENT
August 19, 2019
banks
BUY
BUY
August 15, 2019
The whole Canadian banking system has traded down. He loves being an owner of it and thinks we are getting an opportunity. Housing market fears are laying hard on the markets. There are short positions in the US on Canadian Banks. The banks are starting to look very attractive.
The whole Canadian banking system has traded down. He loves being an owner of it and thinks we are getting an opportunity. Housing market fears are laying hard on the markets. There are short positions in the US on Canadian Banks. The banks are starting to look very attractive.
banks
Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
$98.200
Unknown
PARTIAL BUY
PARTIAL BUY
August 12, 2019
If it breaks $110 we are going up. He just picked it up. He likes the basing here we just saw. There is a downtrend overhanging it. He thinks the risk/reward is really good. It is a good place to pickup at least half the position.
If it breaks $110 we are going up. He just picked it up. He likes the basing here we just saw. There is a downtrend overhanging it. He thinks the risk/reward is really good. It is a good place to pickup at least half the position.
banks
WEAK BUY
WEAK BUY
August 7, 2019
RY is his favourite bank, but there's nothing wrong in investing in Canadian banks. The banks pay a 4% dividend and raise them by 6% a year. That's why the Canadian banks beat the TSX.
RY is his favourite bank, but there's nothing wrong in investing in Canadian banks. The banks pay a 4% dividend and raise them by 6% a year. That's why the Canadian banks beat the TSX.
banks
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