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Bullboard - Stock Discussion Forum 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

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... see more

TSX:CM - Post Discussion

Canadian Imperial Bank of Commerce > Michael Sprung - BNN -BUY
View:
Post by Possibleidiot01 on Jan 09, 2024 2:46pm

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
Unknown if he owns


Comment by radcat on Jan 10, 2024 8:43am
... and "if interest rates fall", the share price of companies with a "good dividend yield" will be bid higher as yields decline in T-bills, bonds, and GIC's. We already saw a sharp rise in companies that pay a good dividend yield and The Fed, BofC haven't even cut rates yet. Only a whiff of interest rate cuts sent the banks, insurance companies, utilities substantially ...more  
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