Canadian Imperial Bank of Commerce

CM-T

TSE:CM

77.67
4.01 (4.91%)
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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Analysis and Opinions about CM-T

Signal
Opinion
Expert
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.

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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.

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.
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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.
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.
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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.
HOLD
HOLD
August 28, 2019

He owns no banks; it's a tough environment for them. Low interest rates will be a headwind. In the next 12 months, look elsewhere, but long term this is fine to hold. The banks haven't done anything in the last 17 months. CM is his choice after RY-T.

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He owns no banks; it's a tough environment for them. Low interest rates will be a headwind. In the next 12 months, look elsewhere, but long term this is fine to hold. The banks haven't done anything in the last 17 months. CM is his choice after RY-T.

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.
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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.
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.

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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.
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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.
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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.

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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.

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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.
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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)
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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.
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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.
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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.
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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.
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