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Bullboard - Stock Discussion Forum 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... see more

TSX:CM - Post Discussion

Canadian Imperial Bank of Commerce > Re: all the news is bad
View:
Post by zforzebra on Dec 03, 2022 11:24am

Re: all the news is bad

Long term the bank is good, but short term, there is no need to hurry though.  It will more likely drift lower for a better entry
Comment by rad10 on Dec 03, 2022 12:08pm
  BNN commentator yesterday "when you try to pick a bottom you get stinky fingers" I thought that was quite funny.  Fact is - it's a temporary issue, and they will be fine.  Safe 10 plus year hold.
Comment by zforzebra on Dec 03, 2022 1:53pm
I agree it's not really possible to pick the bottom.  If you buy right now after bad earnings and 1B loss on lawsuit, you are also in effect saying this the bottom.  Let all the bad news sink in and consolidate into something other level (doesn't matter if higher or lower) where calm heads prevail, it is better.
Comment by Scotchlight1001 on Dec 03, 2022 7:06pm
Take a look at the 'All' chart from 1995 onward. It should calm anyone down. 
Comment by Shirtlessnomore on Dec 04, 2022 9:56am
This post has been removed in accordance with Community Policy
Comment by Dibah420 on Dec 05, 2022 9:50am
******************************************************************************************************************* "bad earnings and 1B loss on lawsuit, " That 1B loss is hypothetical, for now.
Canadian Imperial Bank of Commerce