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

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.

TSX:CM - Post by User

Canadian Imperial Bank of Commerce

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Post by Tokatoon May 05, 2007 12:38pm

498 Views

Post# 12731221

CM will BEAT Expectations

The consensus is $1.92 for Q2 - down from $2.14 in Q1. However, there is little reason why EPS wouldn't be closer to Q1. There is a small seasonaly factor to lower Q2 over Q1, but CM has full quarter of First Caribbean, plus stock market has been very strong - great for upside surprise in capital markets and wealth management earnings. CIBC will hiy next high (I say $106) by June 1!

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