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

 

 

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 Montreal60.75 USD-1.16
Bank of Nova Scotia41.58 USD-0.91
Canadian Imperial Bank of Commerce77.23 USD-1.03
Royal Bank of Canada72.34 USD-1.28
The Toronto-Dominion Bank46.94 USD-1.20

About Author

Eric Compton

Eric Compton  Eric Compton is an equity analyst for Morningstar,

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