Canadian Imperial Bank of Commerce T.CM

@ the Bell: TSX ends September on a low note

[Jon Brown]

Canada’s main stock index ended lower on Friday under the weight of declines in the energy and utilities sectors. read article.

[PressRelease]

CIBC Innovation Banking announced today that it has provided a $3.5 million debt financing facility to Edmonton-based, Nanoprecise Sci Corp. (Nanoprecise). The company plans to use the funds for working capital purposes. Nanoprecise is an automated AI-based maintenance solution provider that...read article.

[Jon Brown]

Shaky metal prices were offset by a jump in oil prices. The TSX’s gains were limited by weakness among healthcare shares. read article.

[PressRelease]

CIBC Innovation Banking announced today that it has provided financing support for Clearhaven Partners’ investment in Korbyt, an industry-leading workplace experience platform. The financing will support Clearhaven’s investment in the company and Korbyt’s growth trajectory by helping expand...read article.

[Jon Brown]

Buzz on the Bullboards: Markets underperforming, or is the best yet to come? The September rally didn’t pan out as indices hit lows. read article.

[joebravo]

Looks like it, especially today being ex-dividend date. Undervalued, IMO.

[joebravo]

Thank you Eastbank.  I had the impression funds needed to be settled for any transaction, but I was wrong. Hopefully we see some form of rebound soon.  Either way, all Canadian banks are

[Eastbank]

You had to buy CM today the 26th to own it on record date Sept 28th in order to receive the dividend.

[joebravo]

I don't pay too much attention to ex-dividend because I've held CM stock for a while now, but a question if anyone cares to reply. From my understanding, even though tomorrow is ex-dividend

[joebravo]

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

[newcoin]

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

[fakmiz]

CM is a very good stock for a long term hold with it's $0.87 dividend being the best return of all Banks. The opportunity for future dividend increases and upward share price is there. The problem

[joebravo]

It is rather irrational trading IMO.  Hold another few days and you get $0.87 dividend which falls in a very low tax bracket. I'm not sure where the price will be ex-dividend, but the last

[newcoin]

Down 0.40% with ex-dividend day three days away. Next Wednesday (27th) is ex-div day. Who would sell today except a robot?

[joebravo]

Does anyone know why this happens everyday? It's moreso for Canadian banks than their US counterparts, but pre-market bid/asks are never indicative of where the share price is heading. I'm

[joebravo]

Thanks for the link.  Sounds positive, and I agree with his view. Unfortunately, the markets are still in the fear mode with the latest hawkish stance from the US Fed, but the same thing

[newcoin]

Great video for all banks but CM highlighted after the 4' mark. https://www.bnnbloomberg.ca/video/returns-in-the-financials-could-be-up-to-30-over-the-next-one-to-two-years-patrick-horan~2771831

[newcoin]

Very good call. Well done.