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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

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.


TSX:CM - Post by User

Canadian Imperial Bank of Commerce > Update
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Comment by Dibah420on Jun 09, 2024 12:26pm
210 Views
Post# 36079941

RE:RE:Update

RE:RE:Update
ScarletSpider wrote: Thanks dibah420. Before people bring out the pitch forks and torches CFRA targets are in USD. When I first saw it and a poster chided the price I was thinking wtf??? But it dawned on me that the price target couldn't be that far off so it has to be USD. 


Yes you're correct, it is in USD.
However, reading CFRA's own analysis of   "Highlights/ Risk Anlysis etc it seems their pessimism is hardly warranted.  Their main argument that CM has the most exposure to Canadian mortgages than any other bank, seems to be oblivious to the trend reversal in interest rates.
And, further more,  Canadian residential mortgages are a different kettle of fish from the US ones. 

Cheers

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