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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

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 > My Call is for S/P of $57 by September 26th
View:
Post by newcoin on Sep 02, 2023 1:53pm

My Call is for S/P of $57 by September 26th

Based on ex-dividend day of September 27th, BOC no interest rate increase next week and Fed no interest rate increase on September 20th.
Dividend is $.87
Comment by newcoin on Sep 02, 2023 2:27pm
Also, CM still pays a dividend of 6.105% at s/p of $57.00.
Comment by newcoin on Sep 08, 2023 4:28pm
So far my call is not looking good. The BOC didn't raise rates yet the banks didn't respond? In fact, they have gone down? What forces are at work? Fed meeting on September 20 should help a lot if rates are not raised. Fingers crossed. I'm still hopeful. CM dividend is paying 6.54% on todays closing price. We all know CM will hit the $57 mark again. The question is when? 2023 for sure.
Comment by joebravo on Sep 09, 2023 10:30am
The markets are spooked because the Central Banks fight against inflation is the number one concern, and they have said that further interest rate hikes are still on the table in inflation isn't brought down to 2%. Well, once more data surfaces, as long as rates are kept at these levels, inflation will come down without causing too much damage to the economy. I'm close with builders and ...more  
Comment by newcoin on Sep 15, 2023 4:10pm
You never know? It might still happen. A very positive few days for banks in general. CM could move up a buck or so in next week and a half. Could get very close to $57.00.
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