04:31:20 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 931,088,875
Close 2024-01-09 C$ 63.74
Market Cap C$ 59,347,604,893
Recent Sedar Documents

Post says Dechaine wonders if CIBC can keep up the pace

2024-01-09 07:12 ET - In the News

The Financial Post reports in its Tuesday edition that interest rates, capital buffers and expense management are among the big issues facing Canada's biggest banks in 2024, but in the view of National Bank analyst Gabriel Dechaine, they are only a start. The Post's Denise Paglinawan writes that in a note released ahead of today's RBC Capital Markets 2024 Canadian Bank CEO Conference, the industry's first banking jamboree of 2024, Mr. Dechaine laid out 10 questions each for the Big Six banks as well as some for lesser players in the sector. They ranged from the big picture to highly specific details of the banks' operations. The industry-wide questions included whether interest rate cuts as forecast will affect net interest margins, what level of rate cuts the banks would prefer in 2024 and whether more restructuring charges will be recorded in 2024. For Canadian Imperial Bank of Commerce, Mr. Dechaine wondered what the bank will do for an encore, after it was the only bank to generate positive operating leverage in 2023. "What's your plan for 2024?" he asks, in addition to being curious about what kinds of mortgages are popular and how the bank's Costco credit-card book is performing.

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