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

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

Financial Services

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.

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Canadian Imperial Bank of Commerce > Canadian Banks are a Bargain

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Comment by joebravoon Sep 26, 2023 7:16am

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Post# 35653933

RE:Canadian Banks are a Bargain

I'm taking figures from Yahoo site so I'm not sure how accurate they are, but it seems that estimates for 4Q 2023 being $1.60 would equate to Fully Year 2023 Earnings of $6.76.

If these are in line with actual earnings in 4Q, then CIBC would have a P/E ratio of 8 for 2023.

Long term, all Canadian Banks will do well, but there will be volatility for some time until BofC and US Central Bank signal that rates will not rise further.

I personally believe that rates will not be hiked further unless the labour market is still tight, and oil/gas prices stay high. Labour and transportation IMO, is causing inflation to soar.

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A junior copper-gold stock trading at a bargain of monumental proportions