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Canadian Imperial Bank of Commerce CM


Primary Symbol: T.CM Alternate Symbol(s):  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 ragingbull1327on May 11, 2022 2:05pm
371 Views
Post# 34674774

You may want to short this company.

You may want to short this company.We have our mortgage with CIBC, purchased our house in 2010 for $185,000 with a mortgage of $174,000. The house just got appraised at $618,000. That's positive equity of..... $444,000. Have held the mortgage with CIBC the entire time, and NEVER MISSED A PAYMENT. Now, we ask for a Home Equity line of credit to PAY OFF DEBTS AND RENOVATE OUR HOUSE. They REFUSE TO ISSUE A LOAN BECAUSE OF......wait for it..... ONE $4000 RBC DEBT SITTING IN COLLECTIONS, because RBC effed up. Yup. Four. Thousand. Dollars. Now, I'm no actuarial sciences major, but this ain't good for the economy, or your bank. We are now just waiting for our current mortgage term to expire. I'm sure that your stock will absorb losing us. Your company's reputation will not.
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