There are other businesses, however, that offer high-yield dividends that should be safe. Royal Bank, for example, had just over $300 billion in home loans, but its market capitalization is $122 billion. Clients are advised to seek advice regarding their particular circumstances from their personal tax advisors. Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. Use left/right arrow keys to move between top level menu items. Receive a free world-class investing education from MarketBeat. TMX Group Limited and its affiliates have not prepared, reviewed or updated the content of third parties on this site or the content of any third party sites, and assume no responsibility for such information. Simply click here to discover how you can take advantage of this. Is CIBC a premium bank worthy of a premium price tag? © 2020 The Motley Fool Canada, ULC. Moving forward, I expect [CIBC CEO Victor] Dodig and company to create substantial value for shareholders, and that’s with or without recessions thrown into the mix.”. by CIBC or by the index calculation agent, Solactive A.G. (“Solactive”) nor do CIBC or Solactive offer any express or implicit guarantee or assurance either with regard to the results of using the Indices on which the CIBC Equity ETFs are based, or the index prices at any time or in any other respect. “Sure, CIBC will still get smacked hard come the next recession, but don’t expect a repeat of 2007-08 because the bank is way more robust than it was back in the mid-2000s.” I wrote. Prospectus dated January 14, 2019, which is available at www.SEDAR.com. Get the latest stock price for CIBC Global Growth ETF common units (CGLO), plus the latest news, recent trades, charting, insider activity, and analyst ratings. CIBC is well capitalized, overall employment levels in Canada and the U.S. are strong, and CIBC’s dividend should be rock solid. So if you’re tired of reading about other people getting rich in the stock market, this might be a good day for you. As such, I’d encourage investors to take a raincheck on CIBC, as there are far better opportunities in the space right now, including TD. Indeed, it’s more apparent now that CIBC isn’t just an irrecoverable implosion just waiting to happen, and the valuation, I believe, now more than reflects that. The initial sell-off came as a result of the coronavirus outbreak in China. Canadian Imperial Bank of Commerce Symbol New York Stock Exchange Common Stock (Action Ordinaires) See CIBC on the TSX Historical Quote. To find out how we can help you, use our Find An AdvisorOpens a new window in your browser tool to contact a CIBC Wood Gundy Investment Advisor near you. Not to alarm you, but you’re about to miss an important event. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc. 2 Helpful COVID-19 Tax Breaks the CRA Is Handing Out, 1 Huge Warning Sign Investors Missed This Week, 7 Big-Name Stocks to Watch Amid Election Volatility, TFSA Investors: A Rare Opportunity to Buy This Top TSX Stock for Dirt Cheap, 3 Best TSX-Listed Stocks for Passive Income, TFSA Millennials: Investing $300 a Month Can Make You a Millionaire. I don’t think so. Andrew Walker | May 7, 2020 | More on: CM CM. Amy Legate-Wolfe | October 10, 2020 | More on: CM CM Image source: Getty Images I understand I can unsubscribe from these updates at any time. As an investor, you need to look beyond these classifications to determine the characteristics of any specific share. The Manager may, in its sole discretion, change the frequency of such distributions, which change will be announced by the Manager in a press release. Receive our daily pre-market mover email, free. To see all exchange delays and terms of use please see disclaimer. This buys time for the next few months, as the economy begins to open up. With common shares, you may have the right to participate in choosing the company's board of directors, executive officers or making other key decisions that could affect the fate of the company. Our issuers list alongside their peers, and benefit from being listed on a leading global exchange with integrity, liquidity and opportunity. CIBC Analyst Recommendations & Stock Picks This page lists the most recent publicly-reported stock recommendations and ratings issued by analysts at CIBC. The uncertainty surrounding low commodity prices puts these companies at the mercy of the global market, despite being quality firms. In a prior piece dated January 31, 2019, I’d noted that CIBC was no longer worthy of its hefty discount to the peer group given how much the bank had changed for the better since the depths of the Great Financial Crisis. Symbol. Opens a new window in your browser, Arabic. But to benefit from better returns, you must be willing to accept greater risk. Sorting through these choices to find what's right for your own portfolio can be overwhelming. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. January 21, 2019, (as at 5:01 pm) subject to confirmation of closing of the Offering. In fact, that situation would be ugly for most of the TSX Index. Please read the Privacy Statement and Terms of Service for more information. Opens a new window in your browser, Punjabi. Daily Pre-Market Movers . Fool contributor Joey Frenette has no position in any of the stocks mentioned. CIBC Online Brokerage is not available right now. The CEO recently said CIBC isn’t considering a dividend cut. Learn everything you need to know about successful options trading with this three-part video course.