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 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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Signal Opinion Expert
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

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.

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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.

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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$123.110
Owned Owned
Unknown

COMMENT

Canadian banks are a core part of anyone’s portfolio. Lots of positive stuff about them. CIBC was one of the two banks who beat expectation in last earnings. We see Canadian banks outperform from August after Q3 earnings and have to see strong earnings in Q4; otherwise they tend to underperform. Seeing some softness in the general banks. Sold their Canadian financial sector positions at the end of November. Looking to get back in the sector late January. On the technical basis, breaking above $125 or so would be positive technically. Right now, banks can still move up. It’s not that they aren’t positive at this time of the year, but it’s just that they tend to underperform the TSX Composite at the moment.

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Canadian banks are a core part of anyone’s portfolio. Lots of positive stuff about them. CIBC was one of the two banks who beat expectation in last earnings. We see Canadian banks outperform from August after Q3 earnings and have to see strong earnings in Q4; otherwise they tend to underperform. Seeing some softness in the general banks. Sold their Canadian financial sector positions at the end of November. Looking to get back in the sector late January. On the technical basis, breaking above $125 or so would be positive technically. Right now, banks can still move up. It’s not that they aren’t positive at this time of the year, but it’s just that they tend to underperform the TSX Composite at the moment.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$121.650
Owned Owned
Unknown

COMMENT

This and Bank of Montréal (BMO-T) are similar in that, year to date they haven’t done much. Trading at somewhat of a discount to the others. He likes this one, but wouldn’t bet the farm on one bank only.

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This and Bank of Montréal (BMO-T) are similar in that, year to date they haven’t done much. Trading at somewhat of a discount to the others. He likes this one, but wouldn’t bet the farm on one bank only.

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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$119.000
Owned Owned
Yes

DON'T BUY

It has been the dramatically underperforming bank of the big six.  Have they really changed?  Is their step into the US too late?  He suggests you look at fundamental research.  If you look at the highs of last April he wonders how much more upside there is on this one than that.  He is underweight Canadian banks.  He would not chase it higher.

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It has been the dramatically underperforming bank of the big six.  Have they really changed?  Is their step into the US too late?  He suggests you look at fundamental research.  If you look at the highs of last April he wonders how much more upside there is on this one than that.  He is underweight Canadian banks.  He would not chase it higher.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$120.340
Owned Owned
Unknown

BUY on WEAKNESS

He did not look at CM-T as an acquisition play.  It was a great place in the banking space.  This quarter they showed the benefits of their cost cutting measures.  It still trades at a very low multiple.  He likes the yield that they will grow.  He would not buy it today but he still thinks it has legs to run.

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He did not look at CM-T as an acquisition play.  It was a great place in the banking space.  This quarter they showed the benefits of their cost cutting measures.  It still trades at a very low multiple.  He likes the yield that they will grow.  He would not buy it today but he still thinks it has legs to run.

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$121.200
Owned Owned
Unknown

BUY on WEAKNESS

Like all banks, this has been doing quite well. However, he understands this is not the best performing bank stock out there. If you like this, wait for a dip before buying. The trend is healthy, but try to buy it cheaper.

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Like all banks, this has been doing quite well. However, he understands this is not the best performing bank stock out there. If you like this, wait for a dip before buying. The trend is healthy, but try to buy it cheaper.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$114.560
Owned Owned
Unknown

BUY on WEAKNESS

Just had a tougher quarter last quarter with Private Bank Corp results coming in a little bit messy. Their balance sheet isn't as good as the other banks right now. For a 3-5 year hold, he is seeing 4% EPS growth. Trades at a 15% discount to the rest of the banks. Banks are at overbought levels, but are still relatively cheap. On a little bit of a pullback, you could buy this.

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Just had a tougher quarter last quarter with Private Bank Corp results coming in a little bit messy. Their balance sheet isn't as good as the other banks right now. For a 3-5 year hold, he is seeing 4% EPS growth. Trades at a 15% discount to the rest of the banks. Banks are at overbought levels, but are still relatively cheap. On a little bit of a pullback, you could buy this.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$114.110
Owned Owned
Unknown

COMMENT

Probably paid too much for the US acquisition, but had no choice in order to compete with other Canadian banks. This is not expensive and pays a nice dividend. They have a relatively good Canadian franchise. If you see any slippage in this bank, it will probably come from the US acquisition side. Dividend yield of 4.6%.

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Probably paid too much for the US acquisition, but had no choice in order to compete with other Canadian banks. This is not expensive and pays a nice dividend. They have a relatively good Canadian franchise. If you see any slippage in this bank, it will probably come from the US acquisition side. Dividend yield of 4.6%.

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Paul Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$113.720
Owned Owned
Unknown

BUY

This is right up there with the cheapest in Canadian banks. There are some questions or a “wait and see” on their US acquisition and how it rolls out. If you have a longer-term time horizon, these are the opportunities that you can look back on and be thankful for. You are getting paid while you wait, and are buying it at a great valuation.

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This is right up there with the cheapest in Canadian banks. There are some questions or a “wait and see” on their US acquisition and how it rolls out. If you have a longer-term time horizon, these are the opportunities that you can look back on and be thankful for. You are getting paid while you wait, and are buying it at a great valuation.

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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$113.560
Owned Owned
Unknown

DON'T BUY

He places a lot of value on a management team and this one has done a great job of turning them around.  It is a long term potential opportunity but with a high domestic focus.

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He places a lot of value on a management team and this one has done a great job of turning them around.  It is a long term potential opportunity but with a high domestic focus.

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Danesh Rohinton

Portfolio , Cambridge Global Ass...

Price Price
$113.550
Owned Owned
No

COMMENT

Canadian banks are really interesting in that after their good August earnings, they stumbled. They’ve now picked up and have rocketed. Canadian banks typically do well from Oct 10 into December. Chart shows this was in a channel, but has now broken out, which is very positive. He wouldn’t be surprised to see it go back to the high it had earlier in the year.

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Canadian banks are really interesting in that after their good August earnings, they stumbled. They’ve now picked up and have rocketed. Canadian banks typically do well from Oct 10 into December. Chart shows this was in a channel, but has now broken out, which is very positive. He wouldn’t be surprised to see it go back to the high it had earlier in the year.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$113.270
Owned Owned
Unknown

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