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

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TSX:CM - Post Discussion

Canadian Imperial Bank of Commerce > CM is a dog of a bank

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Post by Contrarian333 on Oct 04, 2023 12:24pm

CM is a dog of a bank

I think banks are black boxes and I think this particular black box is very poorly run from the consumer facing perspective at least. This love affair with Canadian banks has gone on for a long time - but have you ever worked in one - the amount of misallocated capital is astounding. The Canadian housing bubble which looks ready to finally unwind will be a drag on these banks for some time IMO.

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Comment by newcoin on Oct 05, 2023 2:56am

There is no housing bubble. Just an internet rumour.

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Comment by ScarletSpider on Oct 07, 2023 9:43am

You guys talking abour housing bubble have it all wrong. It has nothing to do with bubble or not it has to do with the mortgages that people have a tougher and tougher time to pay with the increase of interest rates. A quarter percent increase is murder in of itself. What the banks have are toxic mortgages that have to be dealt with and once they are the stocks will start to move up. As with ...more

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Canadian Imperial Bank of Commerce