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

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Canadian Imperial Bank of...

CM-T

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Canadian Imperial Bank of Commerce (CM-T) SAVE Mar, 18, 2019, 3:26 pm

113.64 0.74 (0.66%)

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
BUY
The Canadian banks are good value. They've come off their highs in the recent reports, due to the harsh market action in Q4 2018. CIBC is the cheapest of the pack in terms of PE and highest yield, but it's also had its issues. It's priced accordingly. He likes the American exposure of TD, though. These are not expensive stocks. You can't go wrong with these banks.
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The Canadian banks are good value. They've come off their highs in the recent reports, due to the harsh market action in Q4 2018. CIBC is the cheapest of the pack in terms of PE and highest yield, but it's also had its issues. It's priced accordingly. He likes the American exposure of TD, though. These are not expensive stocks. You can't go wrong with these banks.
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Don Lato

President, Padlock Investment M...

Price Price
$111.950
Owned Owned
No

DON'T BUY
TD-T vs. CM-T. The banks this year should have an up year. He prefers TD-T. CM-T has the most exposure to Canada. They are going to do US acquisitions but those they buy will be at much higher multiples than CM-T trades at now so it will be dilutive.
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TD-T vs. CM-T. The banks this year should have an up year. He prefers TD-T. CM-T has the most exposure to Canada. They are going to do US acquisitions but those they buy will be at much higher multiples than CM-T trades at now so it will be dilutive.
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Teal Linde

Portfolio , Linde Equity Report...

Price Price
$112.460
Owned Owned
Unknown

BUY
They are the most attractive from a valuation basis. 5% yield. Canadian banks above 5% yield are always a buy. CM-T has not participated in recent strength in banks. It’s a buying opportunity.
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They are the most attractive from a valuation basis. 5% yield. Canadian banks above 5% yield are always a buy. CM-T has not participated in recent strength in banks. It’s a buying opportunity.
banks
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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$112.330
Owned Owned
Yes

BUY
Just went through bank reporting season. Dividends rose as expected. Banks are off a little bit. CIBC disappointed a little more than the others. The concern with CIBC is its domestic exposure. A made in Canada recession would impact this name. Yield is good.
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Just went through bank reporting season. Dividends rose as expected. Banks are off a little bit. CIBC disappointed a little more than the others. The concern with CIBC is its domestic exposure. A made in Canada recession would impact this name. Yield is good.
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$111.900
Owned Owned
Yes

BUY
Reports on Thursday He plays a US-centric angle among Canadian banks, so doesn't own CM. But CM's earnings should be decent and should enjoy upside into the summer.
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Reports on Thursday He plays a US-centric angle among Canadian banks, so doesn't own CM. But CM's earnings should be decent and should enjoy upside into the summer.
banks
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Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$114.610
Owned Owned
No

BUY
He recently took profits out of risk-reward, not because he was bearish. It's been in a channel between $110-125. This should eventually hit $130, if you have a long-term view.
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He recently took profits out of risk-reward, not because he was bearish. It's been in a channel between $110-125. This should eventually hit $130, if you have a long-term view.
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$114.240
Owned Owned
No

COMMENT
Placing a January 2020 covered call? He's unsure about going to January 2020 unless you want to generate a set rate of return based on dividends and income from the covered option. It's the highest yielding Canadian bank at 5.5%. If you sell a Jan. 2020 call slightly out of the money you'll get another 4%. That's an over 9% return and capital gain. CM's numbers have been good lately. This could hit $125.
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Placing a January 2020 covered call? He's unsure about going to January 2020 unless you want to generate a set rate of return based on dividends and income from the covered option. It's the highest yielding Canadian bank at 5.5%. If you sell a Jan. 2020 call slightly out of the money you'll get another 4%. That's an over 9% return and capital gain. CM's numbers have been good lately. This could hit $125.
banks
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Richard Croft

President, R.N. Croft Financial...

Price Price
$113.220
Owned Owned
Yes

TOP PICK
It's traded in a range for the past 10 years and recently fell to $104 and has since risen. Buy the cheapest bank in the group because it will beat the other banks,. It had its nasty bit. He targets $127. (Analysts’ price target is $125.43)
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It's traded in a range for the past 10 years and recently fell to $104 and has since risen. Buy the cheapest bank in the group because it will beat the other banks,. It had its nasty bit. He targets $127. (Analysts’ price target is $125.43)
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$110.890
Owned Owned
Yes

WATCH
The next target is $1.12. If it gets through that, it will bring in a lot of room to $1.20 for the next resistance. We are getting the seasonal strength finally kicking in.
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The next target is $1.12. If it gets through that, it will bring in a lot of room to $1.20 for the next resistance. We are getting the seasonal strength finally kicking in.
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$111.320
Owned Owned
Unknown

SELL ON STRENGTH
Bought it a couple of years ago. He is looking for an exit. He doesn't own stocks that move from an uptrend. The story is over unless a miracle happens. He doesn't see any catalyst.
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Bought it a couple of years ago. He is looking for an exit. He doesn't own stocks that move from an uptrend. The story is over unless a miracle happens. He doesn't see any catalyst.
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$109.230
Owned Owned
Yes

BUY
Valuation in the bank group is compelling. Only one with yield over 5%. Trading at 1.4x book, strong balance sheet. Negative has always been that it's domestic, and more exposed to the mortgage market. If your outlook is longer term, and you want the dividend, it's a good buy today.
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Valuation in the bank group is compelling. Only one with yield over 5%. Trading at 1.4x book, strong balance sheet. Negative has always been that it's domestic, and more exposed to the mortgage market. If your outlook is longer term, and you want the dividend, it's a good buy today.
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$106.810
Owned Owned
Unknown

WATCH
The banks did not have their strong seasonal period recently and he reduced his holdings to just BMO-T. We are at a magic level here. It is banging into resistance right now. If we get above $105 it will be clear sailing to $110. BMO-T or TD-T are the best banks and CM-T is pretty good. We should have a second period of seasonality starting near the end of January until April.
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The banks did not have their strong seasonal period recently and he reduced his holdings to just BMO-T. We are at a magic level here. It is banging into resistance right now. If we get above $105 it will be clear sailing to $110. BMO-T or TD-T are the best banks and CM-T is pretty good. We should have a second period of seasonality starting near the end of January until April.
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$105.790
Owned Owned
No

HOLD
It was the worst performing bank stock in 2018. It should be the best this year on that basis. At these prices it is at or above 5% yield. It is one of the more domestic banks. The Canadian economy will not be the engine it was. The earnings momentum going forward will be linked to the Canadian economy. He is leaning outside of Canada for future bank investments.
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It was the worst performing bank stock in 2018. It should be the best this year on that basis. At these prices it is at or above 5% yield. It is one of the more domestic banks. The Canadian economy will not be the engine it was. The earnings momentum going forward will be linked to the Canadian economy. He is leaning outside of Canada for future bank investments.
banks
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$101.920
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Jan 19/18, Down 3%) Value stocks didn't work last year. All the banks have been weak. This was no exception.
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(A Top Pick Jan 19/18, Down 3%) Value stocks didn't work last year. All the banks have been weak. This was no exception.
banks
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$101.920
Owned Owned
Unknown

SELL ON STRENGTH
Was in an uptrend, he forgave the pullback. A lot of stocks have broken, not unique to CIBC. Switch directions, look for the old support level, and look to get out. He's going to get out on a bit of a rebound.
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Was in an uptrend, he forgave the pullback. A lot of stocks have broken, not unique to CIBC. Switch directions, look for the old support level, and look to get out. He's going to get out on a bit of a rebound.
banks
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$101.310
Owned Owned
Yes

COMMENT
Seasonality should be kicking in for Canadian banks. CM needs to hold at $110, though historically its current $105 is a bottom. The banks and CIBC are very oversold. If CIBC breaks belwo $105, it could fall to the high-$90s.
banks
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Seasonality should be kicking in for Canadian banks. CM needs to hold at $110, though historically its current $105 is a bottom. The banks and CIBC are very oversold. If CIBC breaks belwo $105, it could fall to the high-$90s.
banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$105.180
Owned Owned
Unknown

DON'T BUY
He owns other Canadian banks. He prefers diversification, which CM lacks. As mortgages roll over, the sector will be challenged.
banks
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He owns other Canadian banks. He prefers diversification, which CM lacks. As mortgages roll over, the sector will be challenged.
banks
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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$105.180
Owned Owned
No

COMMENT
CM-T vs. BNS-T. There is a divergence in the Canadian banks between revenues sources and price to earnings and dividend yield. CM-T is latest to get into the US and BNS-T was more focused on Latin America. These two are trading at the most attractive valuations. The lower valuation is justified. There is something to be said about the stability of the US revenues with other Canadian banks.
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CM-T vs. BNS-T. There is a divergence in the Canadian banks between revenues sources and price to earnings and dividend yield. CM-T is latest to get into the US and BNS-T was more focused on Latin America. These two are trading at the most attractive valuations. The lower valuation is justified. There is something to be said about the stability of the US revenues with other Canadian banks.
banks
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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$107.090
Owned Owned
Yes

TOP PICK
The most "Canadian" of Canadian banks, the most exposed to Canada (and our mortgage market). It's selling at quite a discount. Pays a high, solid ROE and pays a 5% dividend, the most of the big banks. They disappointed in the current quarter, so it's a good time to buy it. (Analysts’ price target is $128.93)
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The most "Canadian" of Canadian banks, the most exposed to Canada (and our mortgage market). It's selling at quite a discount. Pays a high, solid ROE and pays a 5% dividend, the most of the big banks. They disappointed in the current quarter, so it's a good time to buy it. (Analysts’ price target is $128.93)
banks
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Michael Sprung

President, Sprung Investment Ma...

Price Price
$106.770
Owned Owned
Yes

PAST TOP PICK
(A Top Pick Jan 19/18, Down 3%) It has performed better than the TSX as a whole. It was one of the cheapest banks at the time. He thinks the Canadian banks are the best in the world, due to its stringent regulations.
banks
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(A Top Pick Jan 19/18, Down 3%) It has performed better than the TSX as a whole. It was one of the cheapest banks at the time. He thinks the Canadian banks are the best in the world, due to its stringent regulations.
banks
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$107.470
Owned Owned
Yes

WAIT
Good entry point or wait? Stock used to be at the bottom of the heap, and then they did some very good things and has come back. No problem with the dividend, the quarter was an anomaly. You might want to wait before putting money in. He has great faith in the Canadian banks and how they operate worldwide. Yield is 4.9%.
banks
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Good entry point or wait? Stock used to be at the bottom of the heap, and then they did some very good things and has come back. No problem with the dividend, the quarter was an anomaly. You might want to wait before putting money in. He has great faith in the Canadian banks and how they operate worldwide. Yield is 4.9%.
banks
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David Cockfield

Managing D, Northland Wealth Man...

Price Price
$111.500
Owned Owned
No

BUY
They reported overall pretty good earnings. You have to be patient they've only recently entered the U.S market and it's going to take time. TD has the first-mover advantage there and they have benefited more significantly from the U.S. Thinks now is a good buying opportunity as a long return play. Historically anytime the yields of the Canadian banks get in the high 4-5% it's always been a great buying opportunity. Current yield is pushing up against that 5% number.
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They reported overall pretty good earnings. You have to be patient they've only recently entered the U.S market and it's going to take time. TD has the first-mover advantage there and they have benefited more significantly from the U.S. Thinks now is a good buying opportunity as a long return play. Historically anytime the yields of the Canadian banks get in the high 4-5% it's always been a great buying opportunity. Current yield is pushing up against that 5% number.
banks
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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$112.460
Owned Owned
Unknown

DON'T BUY
Now should be a good time for Canadian banks; it's not happening which is a little worrying. Seasonally, CIBC does well in the first-half of a year, Jan. 14 - Apr. 14. It's enjoyed higher highs and lows in recent years. CIBC has come down during it seasonal strength (before earnings) and has resisted its 200-day moving avergage. This is concerning for the long term. He doesn't know if next week's earnings will be a catalyst.
banks
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Now should be a good time for Canadian banks; it's not happening which is a little worrying. Seasonally, CIBC does well in the first-half of a year, Jan. 14 - Apr. 14. It's enjoyed higher highs and lows in recent years. CIBC has come down during it seasonal strength (before earnings) and has resisted its 200-day moving avergage. This is concerning for the long term. He doesn't know if next week's earnings will be a catalyst.
banks
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Jon Vialoux

Research A, CastleMoore Inc....

Price Price
$113.680
Owned Owned
Unknown

BUY on WEAKNESS
All Canadian banks have been on a rollercoaster this year. Earlier this year, he bought this and Royal. It's a decent buy at current levels, but the rollercoaster isn't settled yet. Buy this with a 6-12-month view. This offers a solid dividend.
banks
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All Canadian banks have been on a rollercoaster this year. Earlier this year, he bought this and Royal. It's a decent buy at current levels, but the rollercoaster isn't settled yet. Buy this with a 6-12-month view. This offers a solid dividend.
banks
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Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$114.710
Owned Owned
Yes

DON'T BUY
Canadian banks haven't done well, but they're undervalued now. CIBC is more domestic than its peers, which is why she doesn't own it. The housing market and trade (less of a concern now) are overhangs, but they have been oversold.
banks
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Canadian banks haven't done well, but they're undervalued now. CIBC is more domestic than its peers, which is why she doesn't own it. The housing market and trade (less of a concern now) are overhangs, but they have been oversold.
banks
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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$114.480
Owned Owned
No

BUY
A bunch of peaks and valleys, but the general chart trend is upward. It's good that each peak (and low) is higher than the last. Canadian banks are entering seasonality now. He favours BMO over CIBC though.
banks
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A bunch of peaks and valleys, but the general chart trend is upward. It's good that each peak (and low) is higher than the last. Canadian banks are entering seasonality now. He favours BMO over CIBC though.
banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$113.990
Owned Owned
Unknown

COMMENT
Still in a long term uptrend. The stock has gotten to a higher high but not to a lower low. He would eliminate his Canadian Bank position if it gets to a new high as a trade as he is getting less confident on Canadian Banks from a fundamental point of view.
banks
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Still in a long term uptrend. The stock has gotten to a higher high but not to a lower low. He would eliminate his Canadian Bank position if it gets to a new high as a trade as he is getting less confident on Canadian Banks from a fundamental point of view.
banks
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$113.910
Owned Owned
Yes

BUY

His favourite is BMO-T.  There is a nice little trend here in CM-T.  This one and the group are back into favour.  If it breaks, then it goes back to $110.  Seasonality should kick in.  Investors are probably worried about Canadian real estate but he thinks we will do fairly well.

banks
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His favourite is BMO-T.  There is a nice little trend here in CM-T.  This one and the group are back into favour.  If it breaks, then it goes back to $110.  Seasonality should kick in.  Investors are probably worried about Canadian real estate but he thinks we will do fairly well.

banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$115.260
Owned Owned
Unknown

BUY

It has had a nice run.  They are newer to the US marketplace.  There is still juice left from that acquisition, to materialize.  He likes where they are and would be buying it here for the medium to long term.

banks
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It has had a nice run.  They are newer to the US marketplace.  There is still juice left from that acquisition, to materialize.  He likes where they are and would be buying it here for the medium to long term.

banks
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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$122.320
Owned Owned
Yes

HOLD

One of the higher dividend yields of the Canadian banks.  He would be favoring Scotiabank, with the higher yield at the moment.  It has US and domestic exposure and he thinks the dividend will continue to grow.  He would continue to hold and collect the dividend.  Yield 4.4%.  

banks
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One of the higher dividend yields of the Canadian banks.  He would be favoring Scotiabank, with the higher yield at the moment.  It has US and domestic exposure and he thinks the dividend will continue to grow.  He would continue to hold and collect the dividend.  Yield 4.4%.  

banks
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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$123.530
Owned Owned
No

HOLD

His favourite bank is BMO. There's resistance at $120 now. Resistance happens in early-September and that'll likely happen this year too. Can't see the driver to move this forward. You won't suffer holding it. Also likes TD.

banks
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His favourite bank is BMO. There's resistance at $120 now. Resistance happens in early-September and that'll likely happen this year too. Can't see the driver to move this forward. You won't suffer holding it. Also likes TD.

banks
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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$122.560
Owned Owned
Unknown

HOLD

They are big into mortgages.  They have balanced their business and sees no hesitation in owing it.   He owns other Canadian banks that have a better growth outlook.   

banks
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They are big into mortgages.  They have balanced their business and sees no hesitation in owing it.   He owns other Canadian banks that have a better growth outlook.   

banks
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$123.230
Owned Owned
No

BUY

It has been in an uptrend.  Just entering into the buy season for the Canadian banks.  Typically performs well from October until the end of the year.  The trend is good and he is still holding it.

banks
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It has been in an uptrend.  Just entering into the buy season for the Canadian banks.  Typically performs well from October until the end of the year.  The trend is good and he is still holding it.

banks
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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$122.590
Owned Owned
Yes

BUY

He likes it.  The move into the US was timely.  They took some risk off the table.  He thinks they are in the early stages of realizing the benefits of that US exposure.  They might be vulnerable to a pullback but there is upside over the next 3-5 years. 

banks
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He likes it.  The move into the US was timely.  They took some risk off the table.  He thinks they are in the early stages of realizing the benefits of that US exposure.  They might be vulnerable to a pullback but there is upside over the next 3-5 years. 

banks
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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$122.400
Owned Owned
Unknown

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
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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
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Kash Pashootan

CEO & Chie, First Avenue Investm...

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
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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
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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
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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
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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
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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
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0 comments
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
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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
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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
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(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
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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
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 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
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Brooke Thackray

Research A, Horizons ETFs (Canad...

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.

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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.

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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.

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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.

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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. 

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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. 

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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.

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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.

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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%.

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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%.

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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.

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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.

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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.

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Will it split? He loves to see splits to be retail friendly. Doesn't see a split here.

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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.

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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.

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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$116.050
Owned Owned
Yes

WATCH

This is the strong seasonal period for Canada banks until mid-April.  They are doing well this year, but have not had that strong uplift we expect.  CM-T should come down to about $104.  It will underperform because it has less US exposure.  He would wait for strength before jumping in.

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This is the strong seasonal period for Canada banks until mid-April.  They are doing well this year, but have not had that strong uplift we expect.  CM-T should come down to about $104.  It will underperform because it has less US exposure.  He would wait for strength before jumping in.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$115.820
Owned Owned
Unknown

BUY

He bought it a while ago, likes the chart. After the TSX settles out from this correction, the TSX might rally well in the spring and a rally in the TSX will include the bank stocks. Buy after the correction.

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He bought it a while ago, likes the chart. After the TSX settles out from this correction, the TSX might rally well in the spring and a rally in the TSX will include the bank stocks. Buy after the correction.

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$115.820
Owned Owned
Yes

WEAK BUY

Banks have been played as investments that win in a rising interest rate environment.  You only get a 3% yield but as bonds goes up they looks more attractive.  He does not think dividends will grow as fast as in the past.

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Banks have been played as investments that win in a rising interest rate environment.  You only get a 3% yield but as bonds goes up they looks more attractive.  He does not think dividends will grow as fast as in the past.

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$121.040
Owned Owned
Yes

BUY

A good commercial bank. It has improved in the later years concentrating more on the retail side and not trying to be an investment bank. They bought a bank in the US and they had to pay more than they expected. They are executing particularly well though on that acquisition. Cost structures continue to come down. Banking is changing in general like retail is.

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A good commercial bank. It has improved in the later years concentrating more on the retail side and not trying to be an investment bank. They bought a bank in the US and they had to pay more than they expected. They are executing particularly well though on that acquisition. Cost structures continue to come down. Banking is changing in general like retail is.

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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$121.040
Owned Owned
No

HOLD

All Canadian banks have been home runs since the financial crisis. They are all in slightly different businesses. Toronto Dominion (TD-T) is more in the US, Royal (RY-T) is more in capital markets, etc. This one is more of a domestic bank and focused on retail and wealth management, so they are a bit less dynamic. If you own, hang onto it and just leave it alone. The banks are in good shape, as long as the Canadian consumer credit situation holds up.

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All Canadian banks have been home runs since the financial crisis. They are all in slightly different businesses. Toronto Dominion (TD-T) is more in the US, Royal (RY-T) is more in capital markets, etc. This one is more of a domestic bank and focused on retail and wealth management, so they are a bit less dynamic. If you own, hang onto it and just leave it alone. The banks are in good shape, as long as the Canadian consumer credit situation holds up.

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$121.600
Owned Owned
Unknown

HOLD

They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

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They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

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Don Lato

President, Padlock Investment M...

Price Price
$121.930
Owned Owned
Unknown

HOLD

They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

banks
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They have lagged a lot of the other banks in the last couple of years but management has done wise things.  They pushed into the US with wealth business.  The more exposure to the US economy the better.  It has always had the lowest multiple and the highest yield, so there is no reason to jump ship right now.

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Don Lato

President, Padlock Investment M...

Price Price
$121.930
Owned Owned
Unknown

TOP PICK

Dividend yield of 4.3%. (Analysts' price target is $130.)

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Dividend yield of 4.3%. (Analysts' price target is $130.)

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$122.530
Owned Owned
Yes

COMMENT

Management is still doing a phenomenal job and it is still the highest yielding bank. All 5 Canadian banks are something he is interested in. It’s a horserace between all 5, as they are all great. He owns Royal Bank (RY-T) and Bank of Nova Scotia (BNS-T).

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Management is still doing a phenomenal job and it is still the highest yielding bank. All 5 Canadian banks are something he is interested in. It’s a horserace between all 5, as they are all great. He owns Royal Bank (RY-T) and Bank of Nova Scotia (BNS-T).

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Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$123.020
Owned Owned
No

COMMENT

On their acquisition of Private Bank Corp, did they pay too much? They probably did. They were under pressure as they were one of the few Canadian banks that had nothing in the US. The US bank stocks took off and they ended up paying more for it. The acquisition helped their last quarter. On their other numbers, they have done well.

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On their acquisition of Private Bank Corp, did they pay too much? They probably did. They were under pressure as they were one of the few Canadian banks that had nothing in the US. The US bank stocks took off and they ended up paying more for it. The acquisition helped their last quarter. On their other numbers, they have done well.

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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$122.540
Owned Owned
Unknown

COMMENT

This just broke out to an all-time high. Canadian bank stocks have very distinct seasonality. Historically they have gone up as you get close to the end of the year. Normally they peak around the end of December. This year we have had an extension which has taken it into a higher level and an all-time high. Stocks like this, once they get into a new year, have a tendency to have an underperformance in the new year, the beginning of January through to the end of March.

banks
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This just broke out to an all-time high. Canadian bank stocks have very distinct seasonality. Historically they have gone up as you get close to the end of the year. Normally they peak around the end of December. This year we have had an extension which has taken it into a higher level and an all-time high. Stocks like this, once they get into a new year, have a tendency to have an underperformance in the new year, the beginning of January through to the end of March.

banks
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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$123.110
Owned Owned
Unknown

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