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Canadian Imperial Bank of Commerce T.CM

Alternate Symbol(s):  T.CM.PR.Q | T.CM.PR.S | T.CM.PR.Y | CM | T.CM.PR.O | T.CM.PR.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 > Update
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Comment by Dibah420on Jun 09, 2024 12:26pm
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Post# 36079941

RE:RE:Update

RE:RE:Update
ScarletSpider wrote: Thanks dibah420. Before people bring out the pitch forks and torches CFRA targets are in USD. When I first saw it and a poster chided the price I was thinking wtf??? But it dawned on me that the price target couldn't be that far off so it has to be USD. 


Yes you're correct, it is in USD.
However, reading CFRA's own analysis of   "Highlights/ Risk Anlysis etc it seems their pessimism is hardly warranted.  Their main argument that CM has the most exposure to Canadian mortgages than any other bank, seems to be oblivious to the trend reversal in interest rates.
And, further more,  Canadian residential mortgages are a different kettle of fish from the US ones. 

Cheers

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