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
BUY
BUY
May 3, 2019
He likes CM-T and thinks the sell off makes it good value and at good support -- great upside potential -- and the best yield of the Canadian banks.
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He likes CM-T and thinks the sell off makes it good value and at good support -- great upside potential -- and the best yield of the Canadian banks.
Ross Healy

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Price
$113.010
Owned
Unknown
BUY
BUY
May 2, 2019

Still a fine name. If the Canadian real estate market is getting an all-clear, that makes it better. They have been getting into the US and that is paying off for them. Balance sheet is fine. Dividend is high and it is cheap. Nothing wrong with this name. Still not his favorite of the banks but you will do fine.

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Still a fine name. If the Canadian real estate market is getting an all-clear, that makes it better. They have been getting into the US and that is paying off for them. Balance sheet is fine. Dividend is high and it is cheap. Nothing wrong with this name. Still not his favorite of the banks but you will do fine.

Greg Newman

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Price
$112.720
Owned
Unknown
TOP PICK
TOP PICK
April 24, 2019
Two items -- 5% dividend yield and it trades at less than 10 times earnings. Always a winning combination histortically. Yield 5.03% (Analysts’ price target is $123.93)
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Two items -- 5% dividend yield and it trades at less than 10 times earnings. Always a winning combination histortically. Yield 5.03% (Analysts’ price target is $123.93)
DON'T BUY
DON'T BUY
April 15, 2019
The next interesting place is about $112 and then $120. There have been better places to put your money. He prefers other financials than banks, where you will be stuck in a band.
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The next interesting place is about $112 and then $120. There have been better places to put your money. He prefers other financials than banks, where you will be stuck in a band.
HOLD
HOLD
April 5, 2019
This has been disappointing for the past couple of years, but the dividend yield of 5% is good. He would not worry about holding this. His stop-loss would be $100.
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This has been disappointing for the past couple of years, but the dividend yield of 5% is good. He would not worry about holding this. His stop-loss would be $100.
BUY
BUY
April 1, 2019
CIBC vs. BNS Canadian bank shareholders haven't made money lately including himself. The market has been worrying about bank prospects (i.e. mortgage defaults) constantly, and yes Q1 was weak, but he expects banks to show positive earnings. Also, they trade at 9-10x earnings and pay good dividends that'll grow. Of the two, he'd pick BNS.
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CIBC vs. BNS Canadian bank shareholders haven't made money lately including himself. The market has been worrying about bank prospects (i.e. mortgage defaults) constantly, and yes Q1 was weak, but he expects banks to show positive earnings. Also, they trade at 9-10x earnings and pay good dividends that'll grow. Of the two, he'd pick BNS.
BUY
BUY
March 28, 2019
Canadian banks in general are strongly managed from a risk perspective. They are not a black box. People around the world look at headlines. Financials is 25-30% financials. He is only 5% weighted on Canadian banks. Not because he is negative on them just he likes better other areas of the market better. Just don't be overweight banks.
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Canadian banks in general are strongly managed from a risk perspective. They are not a black box. People around the world look at headlines. Financials is 25-30% financials. He is only 5% weighted on Canadian banks. Not because he is negative on them just he likes better other areas of the market better. Just don't be overweight banks.
SELL
SELL
March 22, 2019
If it breaks through $109.50, you'll go down to $105, and then the next spot is $98. Banks are predictable, not a big drop. Better places to deploy capital because of seasonality and rate slowdown. He'd look at it again around $100-105. Interest rates would really need to rise to see it break through.
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If it breaks through $109.50, you'll go down to $105, and then the next spot is $98. Banks are predictable, not a big drop. Better places to deploy capital because of seasonality and rate slowdown. He'd look at it again around $100-105. Interest rates would really need to rise to see it break through.
BUY
BUY
March 13, 2019
The Canadian banks are good value. They've come off their highs in the recent reports, due to the harsh market action in Q4 2018. CIBC is the cheapest of the pack in terms of PE and highest yield, but it's also had its issues. It's priced accordingly. He likes the American exposure of TD, though. These are not expensive stocks. You can't go wrong with these banks.
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The Canadian banks are good value. They've come off their highs in the recent reports, due to the harsh market action in Q4 2018. CIBC is the cheapest of the pack in terms of PE and highest yield, but it's also had its issues. It's priced accordingly. He likes the American exposure of TD, though. These are not expensive stocks. You can't go wrong with these banks.
DON'T BUY
DON'T BUY
March 11, 2019
TD-T vs. CM-T. The banks this year should have an up year. He prefers TD-T. CM-T has the most exposure to Canada. They are going to do US acquisitions but those they buy will be at much higher multiples than CM-T trades at now so it will be dilutive.
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TD-T vs. CM-T. The banks this year should have an up year. He prefers TD-T. CM-T has the most exposure to Canada. They are going to do US acquisitions but those they buy will be at much higher multiples than CM-T trades at now so it will be dilutive.
Teal Linde

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Price
$112.460
Owned
Unknown
BUY
BUY
March 7, 2019
They are the most attractive from a valuation basis. 5% yield. Canadian banks above 5% yield are always a buy. CM-T has not participated in recent strength in banks. It’s a buying opportunity.
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They are the most attractive from a valuation basis. 5% yield. Canadian banks above 5% yield are always a buy. CM-T has not participated in recent strength in banks. It’s a buying opportunity.
BUY
BUY
March 1, 2019
Just went through bank reporting season. Dividends rose as expected. Banks are off a little bit. CIBC disappointed a little more than the others. The concern with CIBC is its domestic exposure. A made in Canada recession would impact this name. Yield is good.
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Just went through bank reporting season. Dividends rose as expected. Banks are off a little bit. CIBC disappointed a little more than the others. The concern with CIBC is its domestic exposure. A made in Canada recession would impact this name. Yield is good.
BUY
BUY
February 25, 2019
Reports on Thursday He plays a US-centric angle among Canadian banks, so doesn't own CM. But CM's earnings should be decent and should enjoy upside into the summer.
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Reports on Thursday He plays a US-centric angle among Canadian banks, so doesn't own CM. But CM's earnings should be decent and should enjoy upside into the summer.
BUY
BUY
February 22, 2019
He recently took profits out of risk-reward, not because he was bearish. It's been in a channel between $110-125. This should eventually hit $130, if you have a long-term view.
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He recently took profits out of risk-reward, not because he was bearish. It's been in a channel between $110-125. This should eventually hit $130, if you have a long-term view.
COMMENT
COMMENT
February 19, 2019
Placing a January 2020 covered call? He's unsure about going to January 2020 unless you want to generate a set rate of return based on dividends and income from the covered option. It's the highest yielding Canadian bank at 5.5%. If you sell a Jan. 2020 call slightly out of the money you'll get another 4%. That's an over 9% return and capital gain. CM's numbers have been good lately. This could hit $125.
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Placing a January 2020 covered call? He's unsure about going to January 2020 unless you want to generate a set rate of return based on dividends and income from the covered option. It's the highest yielding Canadian bank at 5.5%. If you sell a Jan. 2020 call slightly out of the money you'll get another 4%. That's an over 9% return and capital gain. CM's numbers have been good lately. This could hit $125.
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