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 Mar, 18, 2019, 3:26 pm

113.64 0.74 (0.66%)

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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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

COMMENT

This has done reasonably well. As we know, banks are a protected species in Canada. Chart is showing a series of higher lows and higher highs, and feels this could go a little higher. The chart looks pretty good.

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This has done reasonably well. As we know, banks are a protected species in Canada. Chart is showing a series of higher lows and higher highs, and feels this could go a little higher. The chart looks pretty good.

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William Chin

Portfolio , Caldwell Investment ...

Price Price
$112.580
Owned Owned
Unknown

TOP PICK

They are far more levered to housing and mortgages.  It has not come back to the old highs.  They are good at what they do.  It is the most unloved and the lowest PE bank.  (Analysts’ target: $118).

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They are far more levered to housing and mortgages.  It has not come back to the old highs.  They are good at what they do.  It is the most unloved and the lowest PE bank.  (Analysts’ target: $118).

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Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$112.270
Owned Owned
Yes

COMMENT

This continues to be a good time to own Canadian financials. Unfortunately, this is one of the weakest right now given their capital ratios and unproven results with their new private bank corp. They have to prove themselves somewhat. Trades at about a 15% discount to its peers, which is reflected in the price. All the Canadian banks are going to go higher. 3.8% dividend yield.

banks
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This continues to be a good time to own Canadian financials. Unfortunately, this is one of the weakest right now given their capital ratios and unproven results with their new private bank corp. They have to prove themselves somewhat. Trades at about a 15% discount to its peers, which is reflected in the price. All the Canadian banks are going to go higher. 3.8% dividend yield.

banks
0 0 0 0 0
0 comments
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$109.110
Owned Owned
Unknown

BUY

This has 2 periods of seasonal strength during the year, and one of them just started in the last 2 weeks. Bank stocks do very well from approximately the beginning of September right through until the end of November. That is when banks report their 4th quarter results. Look for the stock to test the previous high during its current period of seasonal strength.

banks
0 0 0 0 0
0 comments

This has 2 periods of seasonal strength during the year, and one of them just started in the last 2 weeks. Bank stocks do very well from approximately the beginning of September right through until the end of November. That is when banks report their 4th quarter results. Look for the stock to test the previous high during its current period of seasonal strength.

banks
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Don Vialoux

Research A, TimingTheMarket.CA &...

Price Price
$109.410
Owned Owned
Unknown

BUY

He would recommend this at these levels. The average multiple tends to be just short of 12X earnings for the banks. The acquisition in the US was a good move. Over time, it will make investors feel more comfortable that there is some diversification out of Canada. Feels there is some room for multiple expansion. Dividend yield of 4.9%.

banks
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He would recommend this at these levels. The average multiple tends to be just short of 12X earnings for the banks. The acquisition in the US was a good move. Over time, it will make investors feel more comfortable that there is some diversification out of Canada. Feels there is some room for multiple expansion. Dividend yield of 4.9%.

banks
0 0 0 0 0
0 comments
Nick Majendie

Director &, Scotia Wealth Manage...

Price Price
$107.680
Owned Owned
Unknown

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