Canadian Imperial Bank of Commerce is back in focus after CIBC Global Asset Management introduced three mutual funds that package ETF strategies into a mutual fund format, expanding its wealth offering to advisors and retail investors. The launch lands as the bank has posted a year-to-date share price return of 25.69%, a one-year total shareholder return of 43.56%, and a three-year total shareholder return of about 2.5x. The most followed narrative values the bank at a fair value of about CA$170.18 against a recent close of CA$158.65, a roughly 7% undervalued reading backed by 115 investors. Supporters point to a 13.4% CET1 capital ratio, ongoing share buyback programs, and rising ROE across 5 consecutive quarters of year-over-year increases. The main risk remains heavy exposure to Canadian mortgages, where rising delinquencies or higher regulatory costs could challenge that valuation case.
Canadian Imperial Bank Of CommerceCIBC launched three new mutual funds packaging ETF strategies, expanding its wealth offering to advisors and retail investors.
