Canadian Imperial Bank of Commerce

CM-T

TSE:CM

110.05
0.57 (0.52%)
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
COMMENT
COMMENT
August 19, 2019

With the flattening of the yield curve it gets harder for these companies. CM-T is Canadian focused so he likes TD-T and RY-T, which are the two best run banks in Canada.

Show full opinionHide full opinion

With the flattening of the yield curve it gets harder for these companies. CM-T is Canadian focused so he likes TD-T and RY-T, which are the two best run banks in Canada.

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.
Show full opinionHide full opinion
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.
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.
Show full opinionHide full opinion
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.
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.

Show full opinionHide full opinion

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.

HOLD
HOLD
July 25, 2019

Valuations of the Big 5 are fairly compelling. The one knock against them is that they don't have a great growth platform. Risk that their growth strategy in the US won't work, as it will take a lot of money. His preference is TD, Royal, or BNS. If you care just about the dividend, you'll be OK.

Show full opinionHide full opinion

Valuations of the Big 5 are fairly compelling. The one knock against them is that they don't have a great growth platform. Risk that their growth strategy in the US won't work, as it will take a lot of money. His preference is TD, Royal, or BNS. If you care just about the dividend, you'll be OK.

BUY
BUY
July 24, 2019
Is it cheap? Of all the big banks, CM-T is at very good value. It has the highest yield of the majors. The concern may be their exposure to Canadian housing markets -- they lack some of the international diversification. This is one of his largest holdings in the financial space.
Show full opinionHide full opinion
Is it cheap? Of all the big banks, CM-T is at very good value. It has the highest yield of the majors. The concern may be their exposure to Canadian housing markets -- they lack some of the international diversification. This is one of his largest holdings in the financial space.
TOP PICK
TOP PICK
July 16, 2019
This is the cheapest of the Canadian banks. It is too cheap to ignore at these levels. Yield 5.47% (Analysts’ price target is $115.00)
Show full opinionHide full opinion
This is the cheapest of the Canadian banks. It is too cheap to ignore at these levels. Yield 5.47% (Analysts’ price target is $115.00)
HOLD
HOLD
July 16, 2019
He's traded this stock. It's been monster sideways for a long time. It has support around $105 and entering this zone. As long it doesn't fall below lows of $100, this is okay, a hold. This has a pattern of bouncing off $100.
Show full opinionHide full opinion
He's traded this stock. It's been monster sideways for a long time. It has support around $105 and entering this zone. As long it doesn't fall below lows of $100, this is okay, a hold. This has a pattern of bouncing off $100.
BUY WEAKNESS
BUY WEAKNESS
July 9, 2019
CM made a good purchase today [of Milwaukee-based boutique investment banking firm Cleary Gull Inc.] to build the asset sheet. Though, all Canadian banks have been rangebound lately, he's happy to own them. Buy on any weakness.
Show full opinionHide full opinion
CM made a good purchase today [of Milwaukee-based boutique investment banking firm Cleary Gull Inc.] to build the asset sheet. Though, all Canadian banks have been rangebound lately, he's happy to own them. Buy on any weakness.
COMMENT
COMMENT
July 3, 2019
A Canadian bank. They pay a good 5% dividend that they've raised 8 times in the last 3 years. True, management keeps messing things up, though.
Show full opinionHide full opinion
A Canadian bank. They pay a good 5% dividend that they've raised 8 times in the last 3 years. True, management keeps messing things up, though.
DON'T BUY
DON'T BUY
July 2, 2019

We are growing slower than we think, here and abroad. Among the banks, he prefers TD and RY given their American exposure, whereas CM is late to enter to US. They also overpaid an acquisition.

Show full opinionHide full opinion

We are growing slower than we think, here and abroad. Among the banks, he prefers TD and RY given their American exposure, whereas CM is late to enter to US. They also overpaid an acquisition.

BUY
BUY
June 25, 2019
The Canadian banks are a buy as long as you don't get too over weighted. If interest rates are cut in the US, it will be tough for financials as whole. The 10 year bond yield has dropped a third this year, taking away a lot of profitability for the banks.
Show full opinionHide full opinion
The Canadian banks are a buy as long as you don't get too over weighted. If interest rates are cut in the US, it will be tough for financials as whole. The 10 year bond yield has dropped a third this year, taking away a lot of profitability for the banks.
COMMENT
COMMENT
June 20, 2019
It has been under some pressure along with the rest of the group. It is in a kind of consolidation after breaking the uptrend. Banks are not going to collapse but probably not a lot of upside here. Income orientated stock to own now.
Show full opinionHide full opinion
It has been under some pressure along with the rest of the group. It is in a kind of consolidation after breaking the uptrend. Banks are not going to collapse but probably not a lot of upside here. Income orientated stock to own now.
COMMENT
COMMENT
June 19, 2019

For an RRSP? The bad news is that he expects only 3% EPS growth (vs. 6% for this space). Yes, it's cheap vs. its peers and pays a solid dividend. But CM remains tethered to Canadian real estate, a headwind. The banks will be market performers; he prefers TD or RY or BMO. CM is okay long-term.

Show full opinionHide full opinion

For an RRSP? The bad news is that he expects only 3% EPS growth (vs. 6% for this space). Yes, it's cheap vs. its peers and pays a solid dividend. But CM remains tethered to Canadian real estate, a headwind. The banks will be market performers; he prefers TD or RY or BMO. CM is okay long-term.

Greg Newman

Unlock Ratings

Price
$104.300
Owned
Unknown
COMMENT
COMMENT
June 18, 2019
They always bad a bad rep among Canadian banks, but it's doing better lately, trading a full point ahead in yield vs. its peers. It has the best valuation among Canadian banks. CM's big exposure to Canadian mortgages and fears of massive defaults? He doesn't worry, because the CMHC protects mortgages here, and many mortgages have a good loan-to-value ratio.
Show full opinionHide full opinion
They always bad a bad rep among Canadian banks, but it's doing better lately, trading a full point ahead in yield vs. its peers. It has the best valuation among Canadian banks. CM's big exposure to Canadian mortgages and fears of massive defaults? He doesn't worry, because the CMHC protects mortgages here, and many mortgages have a good loan-to-value ratio.
Showing 31 to 45 of 966 entries