Canadian Imperial Bank of Commerce CM

Primary Symbol: T.CM Alternate Symbol(s): T.CM.P.O | T.CM.P.P | T.CM.P.Q | T.CM.P.S | T.CM.P.Y

Financial Services

Canadian Imperial Bank of Commerce is a Canada-based financial institution. The Company has 13million personal banking, business, public sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets businesses, the Company offers a full range of advice, solutions and services through its digital banking network and locations across Canada, with offices in the United States and around the world. Its personal banking offers products and services, including bank accounts, credit cards, mortgages, lending, investments, insurance, ways to bank and smart advice. Its business banking products and services include accounts, credit cards, borrowing, investing, cash management, smart business advice and healthcare. It also offers various business solution, including Managing Cash Flow, Financing Your Business and Day-to-Day Banking.

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Canadian Imperial Bank of Commerce

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Post by Possibleidiot01on Apr 25, 2024 3:15pm

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Post# 36007789

Robert Gill -BNN - Buy

BUY

Very domestic, 80% of revenue from Canada. Could have slower growth opportunities than peers, given how constrained Canadian consumer is right now by debt. US operations only 10% current revenues, working to grow that. Earnings are more volatile, difficult to forecast, but now moving into wealth management to smooth out earnings. Doing well. Attractive multiple of 10x. Yield is 5.7%, safe.

banks

$64.620