Canadian Imperial Bank of Commerce T.CM.PR.S

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

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 > Michael Sprung - BNN -BUY

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Post by Possibleidiot01on Jan 09, 2024 2:46pm

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Post# 35817938

Michael Sprung - BNN -BUY

BUY

A value trap?

No, though it's cheap vs. the other banks. In this market, having a good dividend yield of 5.6% is worth a lot. If interest rates fall, the banks will get squeezed in their net interest margin. There are concerns over outstanding loans. But overall, the banks look attractive and CIBC is especially cheap. He likes Royal too.

banks

N/A