Canadian Imperial Bank of Commerce – commonly known as CIBC – released its Q3 numbers on Thursday August 27th. Let take a look at how it did shall we?
This is going to be a busy week for Bay Street analysts and investors alike as each of the major Canadian banks (Bank of Montreal, CIBC, Royal Bank, TD Bank, National Bank of Canada, and Scotiabank) report their Q3 numbers.
BMO (Bank of Montreal) was the first out of the gate when it reported earnings Tuesday. I will first take a brief look at the overall numbers (top line and bottom line) and then do the same for the individual reporting segments.
My how times have changed! Anything which generates cash flows can be structured as an investment. Bridges, rail roads, toll roads, et cetera, all of these represent investment opportunities!
Warren Buffett’s Berkshire Hathaway wrote its biggest check – a whopping $37B including debt – in history last week with a deal to acquire industrial parts maker Precision Castparts. This deal is another step in what looks, to me, like a deliberate strategy to remake Berkshire into a more industrially focused business as opposed to its current form known for its massive insurance operations and equally massive stock portfolio.
China’s recent decision to devalue the Yuan will have the expected negative effect on luxury goods purveyors, commodity producers, as well as any non-Chinese company that exports its products into China.
Instead of panicking – as most investors are likely to do – and selling your shares in these businesses, now may be the time for long-term investors to step back, assess the situation, and possibly take advantage of any fall in share prices.