Canadian Imperial Bank of Commerce (USA) (NYSE:CM)

Strong and secure bank. Good and safe dividend.

Similar to RY and BNS.

Oversold and undervalued. Thomsom/First Call Price Target is $96.06. Dividend is attractive, yielding over 4%. Canadian banking industry is more stable than the U.S. banking industry. Excellent long term holding.

Maaayyybe buy it. I don't like the lack of revenue growth or the large amount of debt, affecting enterprise value. Dividend hasn't even been all that stable recently. I'd say maybe 0.5%. Maybe.

12/17

More risky, not due to fundamentals, but to the selling in the short term of all bank stocks. However, long term with the high dividend/good fundamentals I see this outperforming in a big way.

Gotta love Canadian banks.

#5 Canadian bank with approximate market cap of $25,300,000,000 CDN

Canadian banks have a significant advantage, since they did well during and after the subprime crisis in 2008.

Profile
Canadian Imperial Bank of Commerce
Commerce Court
Toronto, ON M5L 1A2
Phone: 416-980-2211
Fax: 416-363-5347
Web Site: www.cibc.com

DETAILS
Index Membership: N/A
Sector: Financial
Industry: Money Center Banks
Employees (last reported count): 41,819

BUSINESS SUMMARY
Canadian Imperial Bank of Commerce, together with its subsidiaries, provides a range of financial products and services to individual, small business, commercial, corporate, and institutional customers primarily in Canada. It offers personal and business banking services, including personal and business deposits and lending, credit cards, residential and commercial mortgages, insurance products, and commercial banking services; wealth management services comprising retail brokerage and asset management; and investment management services to retail and institutional clients in Hong Kong, Singapore, and the Caribbean. The company also involves in capital market business lines, including cash equities, global derivatives and strategic risks, fixed income, currencies, and distribution businesses; and corporate and investment banking business lines comprising corporate credit products, investment banking, and U.S. real estate finance, as well as strategic and legacy merchant banking, structured credit, and corporate loan hedging businesses. As of May 14, 2010, it operated approximately 1076 branches in Canada. The company was founded in 1867 and is headquartered in Toronto, Canada.

***All above information from YAHOO FINANCE***

I have been following these guys for a while and they always seem to Outperform! I have even banked with them and found the customer services to be excellent!

High dividend yield provides protection as well as earnings growth going forward. Low P/E.

Bank seems to be running well and since it is Canadian, the US is unlikely to ruin it with Nationalization.

President Bush signs historic financial rescue plan into law - October 3/2008

money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100309

good canadian bank

Great canadian bank, just bad times, so it will turn around eventually, as i believe it can weather the storm

Canadian Imperial Bank of Commerce (NYSE:CM)

I'm sold from previous pitches, I like CIBC because it operates in two segments, Retail Markets and World Markets..

I also like that they provide various financial products and services to corporate, government, and institutional clients in North America..

For more information visit: www.cibc.com

They would have the oppurtunity to move in where Bear Stearns played, or to have a portion of such market (assuming they moved while CA dollar still strong).

CM CANADIAN IMPERIAL BANK OF COMMERCE

it is still a great bank, dispite the housing crisis