Canadian Imperial Bank of Commerce

CM-T

TSE:CM

108.14
0.00 (0.00%)
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

Analysis and Opinions about CM-T

Signal
Opinion
Expert
HOLD
HOLD
January 16, 2020
Banks on the whole are going sideways. It's OK. Pretty good dividend. Stuck in a range, $100 on the low side and $120 on the high end. Good for the dividend, but not for growth. Yield is 5.3%.
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Banks on the whole are going sideways. It's OK. Pretty good dividend. Stuck in a range, $100 on the low side and $120 on the high end. Good for the dividend, but not for growth. Yield is 5.3%.
DON'T BUY
DON'T BUY
January 9, 2020
Weak link among the Canadian banks.
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Weak link among the Canadian banks.
BUY
BUY
January 8, 2020
One of his principal bank holdings. Loan provision increases have been occurring and he thinks management is just being cautious. It is well capitalized and trades at a discount to its peers. He would recommend buying here.
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One of his principal bank holdings. Loan provision increases have been occurring and he thinks management is just being cautious. It is well capitalized and trades at a discount to its peers. He would recommend buying here.
HOLD
HOLD
January 7, 2020
Everything looks okay, but it looks kind of mushy. All banks look like this, except National Bank which is Quebec based. The banks are cheap, but they look like they want to ooze lower before there is any rebound. He would hold it if you own it, but he doesn't expect good performance in the next couple months.
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Everything looks okay, but it looks kind of mushy. All banks look like this, except National Bank which is Quebec based. The banks are cheap, but they look like they want to ooze lower before there is any rebound. He would hold it if you own it, but he doesn't expect good performance in the next couple months.
BUY
BUY
January 6, 2020

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.

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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.

DON'T BUY
DON'T BUY
January 3, 2020
They stubbed their toe on Q4 earnings and arrived late to buying assets in the US. In Canada, they have been very aggressive on mortgage lending. He does not own it presently. He is not a fan of the overall leverage to the Canadian economy.
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They stubbed their toe on Q4 earnings and arrived late to buying assets in the US. In Canada, they have been very aggressive on mortgage lending. He does not own it presently. He is not a fan of the overall leverage to the Canadian economy.
DON'T BUY
DON'T BUY
December 31, 2019
CM vs. MFC They were late to get US exposure, which hurt them. Also, there's negativity towards CM's mortgage book. TD and RY remain the top Canadian banks, not CM. TD & RY are investing in tech, the future, which is smart. MFC: The lifecos have done well diversifying into asset management and into Asia. But with low interest rates, pricing insurance gets tougher and limits growth. You own lifecos for Asia and wealth management. Not CM, but buy TD and Royal.
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CM vs. MFC They were late to get US exposure, which hurt them. Also, there's negativity towards CM's mortgage book. TD and RY remain the top Canadian banks, not CM. TD & RY are investing in tech, the future, which is smart. MFC: The lifecos have done well diversifying into asset management and into Asia. But with low interest rates, pricing insurance gets tougher and limits growth. You own lifecos for Asia and wealth management. Not CM, but buy TD and Royal.
DON'T BUY
DON'T BUY
December 16, 2019
They stood out from their peers as the one to increase their expenses. This is difficult because of the headwinds in the sector. It has the weakest earnings profile going forward. He would prefer another bank. See his Top Picks for today.
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They stood out from their peers as the one to increase their expenses. This is difficult because of the headwinds in the sector. It has the weakest earnings profile going forward. He would prefer another bank. See his Top Picks for today.
Teal Linde

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Price
$109.430
Owned
Unknown
HOLD
HOLD
December 11, 2019
If the market is going into an inflationary period, this dividend and 8.9 times earnings, you could but it here. Their underlying credit quality remains stable. The resumption of Canadian real estate looks good. Earnings are not growing as fast as other Canadian banks. Yield 5.5% (Analysts’ price target is $113.00)
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If the market is going into an inflationary period, this dividend and 8.9 times earnings, you could but it here. Their underlying credit quality remains stable. The resumption of Canadian real estate looks good. Earnings are not growing as fast as other Canadian banks. Yield 5.5% (Analysts’ price target is $113.00)
Greg Newman

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Price
$109.050
Owned
Unknown
DON'T BUY
DON'T BUY
December 6, 2019
The banks across the board have’s done well this week. Banks do well between August to September and usually outperform the market. From a technical perspective, we inched into resistance and we’re seeing testing. He wouldn’t be a buyer here unless it come down to the August low.
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The banks across the board have’s done well this week. Banks do well between August to September and usually outperform the market. From a technical perspective, we inched into resistance and we’re seeing testing. He wouldn’t be a buyer here unless it come down to the August low.
BUY WEAKNESS
BUY WEAKNESS
December 5, 2019
$111.65 is his structural level. It will stay where it is until there is some news. He would add here as his model price is $135.44 or an 18% upside. He would nibble here.
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$111.65 is his structural level. It will stay where it is until there is some news. He would add here as his model price is $135.44 or an 18% upside. He would nibble here.
STRONG BUY
STRONG BUY
December 4, 2019

Lots of upside to come and pays a nice yield. CM is in the lower end of its 10-year range. Really likes this, even more than TD.

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Lots of upside to come and pays a nice yield. CM is in the lower end of its 10-year range. Really likes this, even more than TD.

PAST TOP PICK
PAST TOP PICK
December 3, 2019
(A Top Pick Dec 10/18, Up 13%) Pays the best dividend among Canadian banks. Still likes it. Trades in line with its peers in terms of valuation. ROE is fairly good. They report next week. Credit has held in well in this space, and all the banks have contained operating costs. The sector is up 14%.
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(A Top Pick Dec 10/18, Up 13%) Pays the best dividend among Canadian banks. Still likes it. Trades in line with its peers in terms of valuation. ROE is fairly good. They report next week. Credit has held in well in this space, and all the banks have contained operating costs. The sector is up 14%.
HOLD
HOLD
November 14, 2019
Financials look pretty good. They keep moving on into December. You have support way back in May and we should see it hold at $110. It should carry on into January and February of next year. It should go back up to $120 and then pause there.
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Financials look pretty good. They keep moving on into December. You have support way back in May and we should see it hold at $110. It should carry on into January and February of next year. It should go back up to $120 and then pause there.
COMMENT
COMMENT
November 6, 2019
Will they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
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Will they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
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