Canadian Imperial Bank of Commerce (TSX:CM)
C$ 67.24 0.62 (0.93%) Market Cap: 63.02 Bil Enterprise Value: 211.35 Bil PE Ratio: 10.30 PB Ratio: 1.28 GF Score: 83/100

Canadian Imperial Bank of Commerce at Scotiabank Financials Summit (Virtual) Transcript

Sep 09, 2021 / 02:30PM GMT
Release Date Price: C$73.32 (+0.69%)
Meny Grauman
Scotiabank - Analyst

Welcome back. It's my pleasure to introduce our next speaker, the President and CEO of CIBC, Victor Dodig. Victor, thanks for being with us.

Victor Dodig
Canadian Imperial Bank of Commerce - President and CEO

Good morning, Meny. Good morning, everyone. It's nice to be here. It's a real pleasure.

Meny Grauman
Scotiabank - Analyst

Victor, I wanted to start off with, I think the question that is on everyone's mind -- so maybe just as a preamble, I think when I look at the strides CIBC has made through the pandemic, I think they've been significant. You were aggressive in terms of the buildup of your reserves. You were proactive in terms of deferrals. And through the entire pandemic, which isn't a given, you've pushed the business strategically forward, in the mortgage business in particular. And really the question that a lot of investors have is, really, what comes next? With respect to that retail transformation, where's the focus going to shift now that mortgages are in a good

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