Topic: How To Invest

The Successful Investor Hotline – Friday, June 25, 2021

Article Excerpt

CANADIAN IMPERIAL BANK OF COMMERCE, $143.94, Toronto symbol CM, is a buy. The bank has purchased an undisclosed minority stake in Chicago-based Loop Capital, which provides investment banking and brokerage services to businesses and government agencies. Loop has offices in 20 U.S. cities. CIBC has not yet said how much it is paying for this holding. However, the deal will help the bank with its long-term plan to expand its presence in the U.S. In the quarter ended April 30, 2021, its U.S. commercial banking and wealth management division accounted for 11% of its revenue, and 13% of earnings. CIBC is a buy. Canadian Imperial Bank of Commerce recent coverage: Hotline for May 28, 2021 May 2021 issue NUTRIEN LTD., $75.15, Toronto symbol NTR, remains is a buy. The company is the world’s largest producer of agricultural fertilizers. It took its current form on January 1, 2018, when Agrium Inc. (old symbol AGU) merged with rival Potash Corp. of Saskatchewan (old symbol POT). Potash Corp…

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