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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 antigua1987on May 30, 2019 10:02am
276 Views
Post# 29784779

30 yr holding...

30 yr holding...Like many others, I've held for 30+ yrs, adding occassionally, mostly via drip. Consistently been unable to break out of its reputation as an also-ran bank - consistently #5. Yes, it has few strong pockets. It has a great looking yield at the moment, but thank the market's lack of relative confidence for that. Cibc is the treadwater bank, while rbc, td, bns(to degree) keep moving on. 15 years ago(?) Manulife made a move the feds shut down, but it was obvious how pleased the market was about the partnership potential, recognizing that the smallest bank was likely not going to make structural industry in-roads. The future does not appear much different for cibc today. Perhaps cibc should consider a major move once again. Maybe the feds considerations would differ this time in light of  an evolving global financial services industry. Could Canada maintain its positive and steady banking reputation with 4 majors, plus a cibc/manulife hybrid? And longs would be rewarded - slight bias!
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