Canadian Imperial Bank Of Commerce
Toronto symbol CM, is Canada's fifth-largest bank by assets.
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 »
Many of our recommendations have dropped sharply in the past few months, along with the overall market. Here are 10 stocks that we feel have strong rebound potential in 2009.
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 …read more »
Canadian Imperial Bank of Commerce $63 (Toronto symbol CM Conservative Growth Portfolio, Finance sector; Shares outstanding: 380.8 million; Market cap: $24.0 billion; SI Rating: Above average) is the fifth-largest bank in Canada with assets of $343.1 billion.
The problems with U.S. subprime mortgages have hurt CIBC more than the other big five Canadian banks. So far, CIBC has written off $6 …read more »
Bank stocks have struggled since late last year, due to fears that the problems with subprime mortgages in the United States will spread to Canada. Most of Canada’s big five banks have some exposure to these troubled loans, and writedowns have hurt their recent earnings. Despite the losses, Canada’s major banks have enough capital to continue making new loans.
We feel …read more »
RBC CANADIAN DIVIDEND FUND $46.18 (RBC Funds, P.O. Box 7500, Station A, Toronto, Ontario. M5W 1P9. 1-800-463-3863; Web site: www.royalbank.com. No load — deal directly with the bank) has 43.5% of its portfolio in Financial services stocks. It has a further 19.4% in Energy stocks and 6.5% in Consumer discretionary.
The $9.6 billion RBC Canadian Dividend Fund’s top stock holdings are …read more »
