Why CIBC Is Poised to Outperform
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Canadian banking giant Canadian Imperial Bank of Commerce has earned a coveted five-star ranking.
With that in mind, let's take a closer look at CIBC and see what CAPS investors are saying about the stock right now.
Toronto, Canada (1867)
CEO Gerald McCaughey (since 2005)
Return on Equity (average, past 3 years)
Bank of Nova Scotia
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 89% of the 320 members who have rated CIBC believe the stock will outperform the S&P 500 going forward.
Just yesterday, one of those Fools, stocky5, succinctly summed up the CIBC bull case for our community: "Oversold and undervalued. [Thomson/First Call] Price Target is $96.06. Dividend is attractive, yielding over 4%. Canadian banking industry is more stable than the U.S. banking industry. Excellent long term holding."
If you want market-topping returns, you need to put together the best portfolio you can. Of course, despite its four-star rating, CIBC may not be your top choice.
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The article Why CIBC Is Poised to Outperform originally appeared on Fool.com.Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends The Bank of Nova Scotia (USA). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.