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's stock a winner?
Things have actually gone the other way, with home sales and prices soaring over the past year, driven by record-low borrowing rates. CIBC’s stock price has been a big winner. The shares are up from around $73 during the market crash lows to a recent closing high of $147 per share. CIBC currently trades near $142.
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.
What is CIBC dividend metric?
The metric is a measure of the bank’s capital strength. CIBC continued the streak of large dividend increases from the banks. The government recently lifted a ban on dividend hikes and share buybacks at Canadian financial institutions. CIBC announced a quarterly payout increase of 15 cents per share to $1.61.
