Canadian Imperial Bank of Commerce (NYSE:CM)

$ 64.33 -0.31 (-0.48%) Market Cap: 60.45 Bil Enterprise Value: 168.49 Bil PE Ratio: 12.70 PB Ratio: 1.60 GF Score: 77/100

Canadian Imperial Bank of Commerce at National Bank Financial Services Conference Transcript

Mar 22, 2022 / 02:30PM GMT

Release Date Price: $65.28 (+0.28%)

Transcript

Gabriel Dechaine

National Bank Financial, Inc., Research Division - Analyst

All right. I'd like to welcome you all to our next session and happy to introduce Jon Hountalas, who runs the CIBC's commercial banking and wealth businesses, also a native Montrealer, so should mention that, given where we are. Thanks, Jon. Appreciate you coming here today.

Questions & Answers

Gabriel Dechaine

National Bank Financial, Inc., Research Division - Analyst

I'd like to start off with just some commercial banking aside from mortgage has been one of the big growth stories in this post-pandemic period. We are seeing different trends between Canada, where growth is in the double digits and well for the industry in the U.S., it's still low single digits in commercial lending. What's your perspective on why Canada is outgrowing the U.S. in the commercial business?

Jon Hountalas

Canadian Imperial Bank of Commerce - Senior EVP and Group Head of Commercial Banking & Wealth Management-Canada

That's a great question. So

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