Canadian Imperial Bank of Commerce is one of the more interesting of the big 6 banks in Canada. It was hit hardest of all the big 6 Canadian Banks by the financial crisis. As a result, they became a bit too conservative which resolved to poorer returns for shareholders for quite a few years after the crisis came to an end. CIBC basically was taking few chances. This meant that for quite a few years after the financial crisis the bank performed poorly.
It took until December 2014 for CIBC Stock to finally reach the old highs of $107 made back in 2007. It was the last of the big 6 banks to revisit their old highs.
CIBC Stock Dividend Rise
One thing that the bank has done however is increase its dividend from 77 cents in 2007 to $1.03 today for a rise of 33.7% in the dividend.
CIBC Stock – 10 Year Chart
One of the best methods for trading in highly volatile markets is to scale slowly into positions. This is a strategy discussion article based on today’s trade in CIBC Stock. It is 1400 words in length and will need 5 pages if printed.
This rest of this trade article is for FullyInformed Canada members.
CIBC Stock Trade Alert and Strategy – March 17 2015
FullyInformed Canada Members can read thisCIBC Stock (CM) trade alert and strategy outline directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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