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Canadian Imperial Bank of Commerce T.CM.P.P


Primary Symbol: T.CM Alternate Symbol(s):  CM | T.CM.PR.O | T.CM.PR.P | T.CM.PR.Q | T.CM.PR.S | T.CM.PR.Y

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has 13million personal banking, business, public sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets businesses, the Company offers a full range of advice, solutions and services through its digital banking network and locations across Canada, with offices in the United States and around the world. Its personal banking offers products and services, including bank accounts, credit cards, mortgages, lending, investments, insurance, ways to bank and smart advice. Its business banking products and services include accounts, credit cards, borrowing, investing, cash management, smart business advice and healthcare. It also offers various business solution, including Managing Cash Flow, Financing Your Business and Day-to-Day Banking.


TSX:CM - Post by User

Post by newcoinon Sep 26, 2023 2:35am
267 Views
Post# 35653846

Canadian Banks are a Bargain

Canadian Banks are a Bargain Trading at ~9.2x f2024 estimates (8.9x f2025 earnings) on average, Canadian bank stocks are very inexpensive and clearly pricing in significant challenges ahead including another huge increase in forecast loan losses from a possible recession. In a more normal environment – characterized by reasonable GDP growth and a stable macro environment – the banks would likely trade around 10.5x earnings, or roughly ~15% higher than today’s levels.
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