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Canadian Imperial Bank of Commerce T.CM

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

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

Post by Tokatoon May 26, 2008 10:15pm
358 Views
Post# 15112358

I'm Now Short-Term Negative

I'm Now Short-Term NegativeThe BOLI issue that hit FITB and WB was a mini-wake-up call about the risks that we cannot see.  The problem isn't just CDOs and SIVs, but a culture of super leverage to get high ROEs.  We are seeing a massive deleveraging, which means normalized bank earnings likely to be lower than previously thought.  And worried that LEH going down (as early as this week).  That will take CM down particularly.  Still a long-term believer, but don't want to own it now.  Sold my position last week (sorry didn't post then).
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