Canadian Imperial Bank Of Commerce
Toronto symbol CM, is Canada's fifth-largest bank by assets.
Earnings growth at Canada’s big five banks will probably slow slightly in 2013, as rising debt levels prompt consumers to take out fewer loans.However, business loan demand should stay steady. As well, the banks’ loan losses continue to fall as more borrowers focus on debt repayment. In addition, all five are using their strong balance sheets to make acquisitions that …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $77 (www.cibc.com) earned $2.06 a share in the three months ended July 31, 2012. That’s up 6.7% from $1.93 a year earlier. Loan demand remained strong in Canada, and profits rose at the bank’s wealth management and capital markets divisions. The strong results prompted CIBC to raise its quarterly dividend by 4.4%, to $0.94 a …read more »
The sovereign debt problems in Europe, particularly among the so-called PIIGS countries (Portugal, Italy, Ireland, Greece and Spain), have held back the shares of Canada’s big five banks in the past few months. However, their exposure to these troubled countries remains small in relation to their earnings and market caps.
Every investor should aim to hold at least two …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $71 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 404.9 million; Market cap: $28.7 billion; Price-to-sales ratio: 1.8; Dividend yield: 5.1%; TSINetwork Rating: Above Average; www.cibc.com) continues to profit by focusing on retail banking, which accounts for 76% of its business. That cuts its reliance on its more-volatile corporate-lending and securities-trading divisions.
In its …read more »
Canada’s big five banks avoided the problems with subprime mortgages and European sovereign debt that have crippled many of the world’s largest financial firms. The big banks are now using their strong balance sheets to make acquisitions, often at bargain prices, and to upgrade their holdings.
ROYAL BANK OF CANADA $45 (Toronto symbol RY; Conservative Growth Portfolio, Finance sector; Shares outstanding: …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $77 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 398.9 million; Market cap: $30.7 billion; Price-to-sales ratio: 1.9; Dividend yield: 4.7%; TSINetwork Rating: Above Average; www.cibc.com) earned $808 million, or $1.89 a share, in the three months ended July 31, 2011. That’s up 26.3% from $640 million, or $1.53 a share, a year …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $77 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 397.0 million; Market cap: $30.2 billion; Price-to-sales ratio: 2.0; Dividend yield: 4.5%; TSINetwork Rating: Above Average; www.cibc.com) was the first Canadian bank to let its customers access their accounts using smartphones and other mobile devices.
This service has been successful, so CIBC now plans …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $46 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 380.8 million; Market cap: $17.5 billion; Price-to-sales ratio: 1.3; SI Rating: Above Average) is Canada’s fifth-largest bank, with assets of $353.9 billion.
CIBC is looking to cut its risk by focusing on retail banking, which now represents 65% of its business. CIBC wants to raise …read more »
Canada’s banking industry is still healthy despite the problems caused by the worldwide credit crisis. Most of the big five banks have also issued new preferred and common shares in the past few months. The extra funds put them in a good position to make timely acquisitions and keep paying above-average dividends.
ROYAL BANK OF CANADA $30 (Toronto symbol RY; Conservative …read more »
CANADIAN IMPERIAL BANK OF COMMERCE $49 (Toronto symbol CM; Conservative Growth Portfolio, Finance sector; Shares outstanding: 380.8 million; Market cap: $18.7 billion; Price-to-sales ratio: 1.5; SI Rating: Above average) is down 37.6% from its recent peak of $78.48 in May, 2008. That’s mainly because it has the most exposure to the problems in the U.S. mortgage market among the big …read more »
