Canadian Imperial Bank of Commerce T.CM.PR.Q

Primary Symbol: T.CM Alternate Symbol(s): CM | 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.

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Canadian Imperial Bank of Commerce > Here Is a Link To The Whole Transcript

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Comment by joebravoon Sep 05, 2023 7:02am

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RE:RE:Here Is a Link To The Whole Transcript

No need to be confused.

CIBC had net earnings of $1.5 Billion or $1.52 per share for the Quarter.

Dividends are $0.87 per share for the Quarter which relates to 57% payout ratio. Quite sustainable.

Don't be confused by the lower numbers and higher provisions. That is to be expected due to the higher rates and expected potential delinquencies.

If rates are unchanged this this week, and BOC signals end to monetary tightening, then Canadian Banks should begin a bullish trend. Look for the downward gap at $55.27 to eventually get filled.

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Cannara reports record growth and profitability in Q4 2023