Canadian Imperial Bank of Commerce T.CM

Content to collect 6% div.

[Dibah420]

Canadian banks have been bobbing in doldrums since February of last year and this will likely persist for another Q or two.  All have healthy yields...some well above treasuries.  Now is the time to add or at least let the drips rip.  There isn't a tsunami in the making, imo,  to sink them all.  More likely are clearer skies by 2024...once we emerge from this unacknowledged recession...provided the political nonsense on either side of the border fizzles out.
Inflation is declining but not fast enough...at least not in the housing sector.  Tons of new housing going up in my area but at advertised price tabs of $600k and up...hardly affordable for the increase in population,  mostly new immigrants.  Food prices  are on the mend and will soon be more noticible as the grocery chains start their BBQ season sales.
The one good thing about shorts is that they evenually have to cover.
Cheers

[fakmiz]

I hope your right Dibab420. C/M has been beaten down for really no reason given the current and constent divided it has paid. I don't understand why people would sell this and other Banks. Obviously the shorters are pushing C/A and others down for short term gain. Given the history of the Banks that's a mistake and sooner or later they will pay. Good luck to all longs.

[ferret_ca]

the reason people sell this bank is that as a percentage of their income omongst the banks it has by far the largest exposure to cdn. mortgages, with the higher rates and a large % of their mtges coming up for renewal over the next couple of years if there is a crack in the housing market (even if there isn't affordability could be an issue for many, most recent condo buyers in toronto are