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.

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Canadian Imperial Bank of Commerce > Canadian Banks are a Bargain

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Comment by joebravoon Sep 26, 2023 7:16am

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Post# 35653933

RE:Canadian Banks are a Bargain

I'm taking figures from Yahoo site so I'm not sure how accurate they are, but it seems that estimates for 4Q 2023 being $1.60 would equate to Fully Year 2023 Earnings of $6.76.

If these are in line with actual earnings in 4Q, then CIBC would have a P/E ratio of 8 for 2023.

Long term, all Canadian Banks will do well, but there will be volatility for some time until BofC and US Central Bank signal that rates will not rise further.

I personally believe that rates will not be hiked further unless the labour market is still tight, and oil/gas prices stay high. Labour and transportation IMO, is causing inflation to soar.

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