While Canada has a relatively strong banking system, not all Canadian banks warrant consideration as a long-term investment. In January, I suggested investors pass on Scotiabank in my Scotiabank (BNS) Is A Terrible Long-Term Investment guest post published at Dividend Power. I subsequently wrote my TD Bank (TD) guest post at Dividend Power in which [...]
In this CIBC Stock Analysis, I look at whether The Canadian Imperial Bank of Commerce is currently an attractive investment opportunity. NOTE: (CIBC) reports in Canadian dollars and is listed on the TSX and the NYSE. All financial information in this post is expressed in Canadian dollars. Information Sources The following are links to a [...]
This article on The Canadian Imperial Bank of Commerce (CM) is the fourth of a 5 part series on 'The Big 5' Schedule A Canadian banks. I do not view CM as having the same pedigree as The Royal Bank of Canada (RY) and The Toronto-Dominion Bank (TD). Nevertheless, I view CM as currently being [...]
Summary CM recently reported FY2018 results and senior management indicated it is confident it can continue to deliver EPS growth within the 5% - 10% medium-term target range. CM is focused on expanding in the U.S. and gains from the PrivateBancorp acquisition are exceeding expectations. With the highest concentration of the Big 5 in Canadian [...]
Summary While CM recently reported solid FY2017 results, its higher exposure to the heavily indebted Canadian consumer relative to its peers does make it more vulnerable to an economic slowdown. PAA Research in the US recently released a report suggesting that CM faces headwinds which will likely result in a 30 – 40% pullback in [...]
Summary This Canadian Imperial Bank of Commerce Stock Analysis is the fourth of a 6 part series covering the Big 6 Canadian Banks. CM reported Q2 2017 results May 25th and its Liquidity Ratios continue to improve thus providing investors with assurances that it remains a safe bank. Growth in its residential real estate portfolio [...]
