The bank had total assets of CAD896.8bn ($675.5bn) and deposits of CAD678.5bn by the end of the third quarter of fiscal year 2022 and primarily catered to US and Canadian customers. The CIBC was formed as a result of a merger between the Canadian Bank of Commerce and the Imperial Bank of Canada in 1961.
Is CIBC a Canadian Bank?
CIBC is one of Canada’s largest financial institutions. The bank had total assets of CAD896.8bn ($675.5bn) and deposits of CAD678.5bn by the end of the third quarter of fiscal year 2022 and primarily catered to US and Canadian customers.
Are CIBC & TD Bank a good stock to buy?
CIBC (TSX:CM) and TD Bank (TSX:TD) are top Canadian bank stocks that are looking too cheap to ignore for value hunters. The post Value Investors: Take These 2 Stocks to the Bank appeared first on The Motley Fool Canada. These top TSX dividend stocks look oversold.
Is CIBC stock undervalued?
Investors who watched the bank’s share price fall in recent weeks are now wondering if CIBC stock is undervalued. CIBC generated adjusted net income of $1.652 billion in Q2 2022, down 1% from the same period last year but off by 13% from fiscal Q1 2022. Adjusted return on equity was 15.2% in the quarter compared to 17.3% in fiscal Q2 2021.
