Canadian Imperial Bank of Commerce T.CM

Lorne Steinberg on BNN - Hold

[Possibleidiot01]

HOLD

Canadian Imperial Bank of Commerce(CM-T)

CM is the cheapest and most attractive of his holdings. Canadian banking sector has been a great place to be, oligopoly. "Hates" being a customer, but loves being an owner. All in excellent shape. The sector is a core holding in his Canadian strategy.

banks

$0.000

Owned

Liked BNS , RY and TD. Did say sold BMo due to valuation . No mention of BNS though he does own,

Best Canadian banks right now?(A Commentary)

Best Canadian banks right now? He owns several. CM is the cheapest and most attractive. Also owns TD, RY, and BNS. Exited BMO on valuation. Canadian banking sector has been a great place to be, oligopoly. "Hates" being a customer, but loves being an owner. All in excellent shape. The sector is a core holding in his Canadian strategy.

[Larrymartin77]

[RayDonovan78]

I would say it more a buy and would highly advise CIBC to do a stock split before any potential roll back.

[youknowwhat]

They have as I recall only 445 million shares outstanding and their last forward split was March 25 1997??? I expect either BMO or CIBC to complete a forward split this year. Its a guess.

[RayDonovan78]

Its time, at $160 per share the are scaring off junior investors.