CIBC only bargain among Canadian banks

CIBC is the most exposed bank to the lofty Canadian housing market, but we think there is enough margin of safety in its shares today to compensate for the risks.

Eric Compton 29 August, 2017 | 5:00PM
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Eric Compton: We are just entering the next earnings cycle for Canadian banks, and we believe two key themes will be housing and interest rates.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Montreal103.94 USD-0.09Rating
Bank of Nova Scotia64.95 USD0.34Rating
Canadian Imperial Bank of Commerce118.86 USD0.08Rating
Royal Bank of Canada102.02 USD-0.35Rating
The Toronto-Dominion Bank70.67 USD-0.21Rating

About Author

Eric Compton

Eric Compton  Eric Compton is an equity analyst for Morningstar,

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