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
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.

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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.
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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.
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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.

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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

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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.
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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.
DON'T BUY
DON'T BUY
June 7, 2019

On his last appearance, he was concerned with CM around $109, and in May he said that if this fell below $105, there would be troubles. $105 would become resistance. He owns RY, BMO and TD. Unless CM cracks $105, CM will be stuck between $100-105. There are better places to go.

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On his last appearance, he was concerned with CM around $109, and in May he said that if this fell below $105, there would be troubles. $105 would become resistance. He owns RY, BMO and TD. Unless CM cracks $105, CM will be stuck between $100-105. There are better places to go.

BUY
BUY
June 6, 2019
5.4% dividend. The fair market value is miles above the current stock price. Everyone fears Canadian bank stocks, but they are bulletproof. The banks are now a buying opportunity. CM has terrific upside. Buy this and don't look at it for years.
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5.4% dividend. The fair market value is miles above the current stock price. Everyone fears Canadian bank stocks, but they are bulletproof. The banks are now a buying opportunity. CM has terrific upside. Buy this and don't look at it for years.
WAIT
WAIT
May 31, 2019

He is neutral on the bank right now. Will do well if have a 5 year horizon. He favours TD, Royal, or BMO over CIBC. He would wait for a buying opportunity in the Canadian banks.

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He is neutral on the bank right now. Will do well if have a 5 year horizon. He favours TD, Royal, or BMO over CIBC. He would wait for a buying opportunity in the Canadian banks.

WEAK BUY
WEAK BUY
May 29, 2019
Purposely kept it out entering this phase of the cycle. Disproportionate response to the earnings miss. Still some headwinds to get through. Not a bad time to get in, as a value play against the peer group, but it would depend on whether it's a long-term play or short-term strategic.
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Purposely kept it out entering this phase of the cycle. Disproportionate response to the earnings miss. Still some headwinds to get through. Not a bad time to get in, as a value play against the peer group, but it would depend on whether it's a long-term play or short-term strategic.
BUY
BUY
May 28, 2019
They have exposure to the US but were late to the table. It is trading at a discount to their peers and he thinks this discount is justified. The discount therefore creates a buying opportunity. He thinks the valuation is attractive.
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They have exposure to the US but were late to the table. It is trading at a discount to their peers and he thinks this discount is justified. The discount therefore creates a buying opportunity. He thinks the valuation is attractive.
BUY
BUY
May 24, 2019
The chart is like most, testing previous old support levels. It's a bit toppy, but you buy Canadian banks when they're weak, and when they're strong. You don't give up on them. The US banks have been under pressure, and they have more chance of going lower. No problem buying this right now, even if it's a hold just for a little while.
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The chart is like most, testing previous old support levels. It's a bit toppy, but you buy Canadian banks when they're weak, and when they're strong. You don't give up on them. The US banks have been under pressure, and they have more chance of going lower. No problem buying this right now, even if it's a hold just for a little while.
BUY
BUY
May 23, 2019
TD is the class act. CIBC is the step child in the Canadian Bank industry. The Canadian Bank oligopoly is not going away. If you want to make money in the 3-5 years buy TD if you want to collect the dividend buy CIBC.
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TD is the class act. CIBC is the step child in the Canadian Bank industry. The Canadian Bank oligopoly is not going away. If you want to make money in the 3-5 years buy TD if you want to collect the dividend buy CIBC.
HOLD
HOLD
May 15, 2019
The first of the Canadian banks to report next Wednesday. They have been hurt due to perceptions of being more of a domestic only bank. He is hoping to see what they mortgage portfolio looks like and what they are projecting for loan losses. He likes their yield of 5.1%. He would not be a buyer or seller here.
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The first of the Canadian banks to report next Wednesday. They have been hurt due to perceptions of being more of a domestic only bank. He is hoping to see what they mortgage portfolio looks like and what they are projecting for loan losses. He likes their yield of 5.1%. He would not be a buyer or seller here.
DON'T BUY
DON'T BUY
May 14, 2019
They're trying to break into the US market: 25% of earnings there is the target. They aren't buying back shares to the same degree at its peers. It's trading at a valuation discount vs. its peers. So, if not buybacks, is CIBC plotting an acquisition with their cash? He doesn't know. There are better opportunities elsewhere.
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They're trying to break into the US market: 25% of earnings there is the target. They aren't buying back shares to the same degree at its peers. It's trading at a valuation discount vs. its peers. So, if not buybacks, is CIBC plotting an acquisition with their cash? He doesn't know. There are better opportunities elsewhere.
TOP PICK
TOP PICK
May 9, 2019
Pays the highest yield among the big banks. Even though they damage themselves, CIBC will continue to pay that yield that they will increase. Buy this for the income. (Analysts’ price target is $123.93)
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Pays the highest yield among the big banks. Even though they damage themselves, CIBC will continue to pay that yield that they will increase. Buy this for the income. (Analysts’ price target is $123.93)
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