Canadian Imperial Bank of Commerce T.CM

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

Financial Services Banks - Global

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has over 14 million personal banking, business, public sector and institutional clients in Canada, the United States and around the world. The Company has four strategic business units (SBUs): Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services. Its Canadian Personal and Business Banking provides personal and business clients across Canada with financial advice, services and solutions through banking centers, as well as mobile and online channels. Its Canadian Commercial Banking and Wealth Management provides relationship-oriented banking and wealth management services to middle-market companies, entrepreneurs, high-net-worth individuals and families across Canada, as well as asset management services to institutional investors.

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Canadian Imperial Bank of Commerce

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Post by fakmizon Mar 01, 2007 5:53pm

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Post# 12338273

Lackluster results

I agree a 7 cent per quarter dividend increase is unacceptable. Currently a dividend of 77 cents per quarter works out to 35% of earnings which is below the 45% target the bank set a few years back. Also at $100+ per share they are only attracting institutional investors and not the smaller investor who would want the income, growth and safety of this blue chip stock.Senior management and the board have to wake up and get in step with today's market place.

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