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

ON STOCKCHASE SINCE Oct 2000

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Canadian Imperial Bank of...

CM-T

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Canadian Imperial Bank of Commerce (CM-T) SAVE Jan, 23, 2019, 3:22 am

109.74 0.02 (0.02%)

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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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.

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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.

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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.

banks
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Don Lato

President, Padlock Investment M...

Price Price
$121.930
Owned Owned
Unknown

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