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Canadian Imperial Bank of Commerce T.CM

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

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.


TSX:CM - Post by User

Canadian Imperial Bank of Commerce
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Comment by YodaLayhehooon May 31, 2019 1:52pm
135 Views
Post# 29789386

RE:RE:RE:PE Normalization offers a large return here plus dividend

RE:RE:RE:PE Normalization offers a large return here plus dividend
Capharnaum wrote:
stickbot wrote:
true but 9x could become 12x pretty quick, with increasing loan losses next few qtrs rate hikes on horizon, try to buy a house right now pretty hard to pass stress test..ripple through into banks


Increasing loan losses and rate hikes go opposite ways. Loan losses would mean the economy is struggling which would mean no rate hikes. Rate hikes would mean economy is doing good which would mean lower loan losses. Either way, each situation would be temporary, so forward looking PE would stay at 9x even if temp PE is higher for whatever reason.


Exactly. Also there's no way that loan losses effect the PE from 9 to 12. That would imply losses in the billions of dollars. Not reality
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