Envestnet Asset Management Inc. lowered its holdings in shares of Canadian Imperial Bank of Commerce (NYSE:CM – Free Report) (TSE:CM) by 70.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 124,364 shares of the bank’s stock after selling 296,221 shares during the period. Envestnet Asset Management Inc.’s holdings in Canadian Imperial Bank of Commerce were worth $9,935,000 as of its most recent filing with the SEC. Get Canadian Imperial Bank of Commerce alerts: S ...

Core Viewpoint - Canada's Big Banks are expected to report fourth-quarter results at the end of the month, with analysts expressing caution over stock valuations, which appear stretched compared to historical trends [1] Group 1: Earnings and Performance - The Big Six Canadian banks outperformed U.S. mega-banks and domestic life insurers last year despite a weaker economic outlook and a trade pact review [1] - Analysts at TD Cowen noted that the Big Six are trading at an 18% premium and are approaching full value territory [1] - The stocks are trading at a one-year forward earnings per share of 14.3 times based on 2026 consensus, significantly above the 25-year trend of 10 to 12 times [1] Group 2: Analyst Insights - Despite stretched valuations, TD Cowen analysts believe strong fundamentals, including net interest income, improving U.S. loan growth, and strong trading revenue, will support the sector in the near term [1] - TD Cowen raised price targets for four of the five Big Six banks, with specific adjustments for Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, and Royal Bank of Canada [1] Group 3: Price Targets and Recommendations - Bank of Montreal's target rose from $219 to $209, Bank of Nova Scotia from $104 to $112, Canadian Imperial Bank of Commerce from $134 to $142, National Bank of Canada was cut to $175 from $181, and Royal Bank of Canada from $246 to $260 [1] - TD's top bank picks are Bank of Montreal and Royal Bank of Canada due to their extensive U.S. capital markets operations [1]

Group 1 - The overall sentiment towards Canadian Imperial Bank of Commerce (CM.N) is optimistic, with multiple institutions maintaining a buy rating and increasing target prices [1] - Canaccord Genuity raised its target price from $80.53 to $101.75, while Darko Mihelic from Canaccord Capital Markets set a target price of $98.97, reflecting strong market confidence [1] - All four institutions covering the stock have given buy or hold recommendations, indicating a positive outlook for the bank [1] Group 2 - The stock has shown volatility, with a cumulative increase of 0.45% from February 6 to February 12, and a price range fluctuation of 3.86% during this period [2] - Daily closing prices were as follows: $96.68 (Feb 6, +2.27%), $98.04 (Feb 9, +1.41%), $98.03 (Feb 10, -0.01%), $96.91 (Feb 11, -1.14%), and $94.96 (Feb 12, -2.01%) [2] - The total trading volume during this period was $358 million, with a high of $98.50 on February 11 and a low of $94.85 on February 12, outperforming the banking sector which declined by 1.25% [2] Group 3 - The Bank of Canada indicated on February 12 that U.S. policy increases uncertainty, complicating its ability to assess interest rate actions, which may indirectly affect the banking stock environment [3] - There were no significant company announcements during this period [3]

Group 1 - B2Gold Corp. is considered one of the most undervalued Canadian stocks by hedge funds, with recent price target increases from analysts [1][2] - CIBC analyst Anita Soni raised the price target for B2Gold to $6.50 from $6, citing a sector update that included higher gold price forecasts of $6,000 per ounce for 2026 and $6,500 for 2027 [1] - Raymond James also increased its price target for B2Gold to $6.50 from $6.00 while maintaining an Outperform rating, reflecting new commodity price forecasts for precious and base metals [2][3] Group 2 - The adjustments in price targets are driven by persistent economic and political uncertainty, which are expected to influence demand for gold and copper [3] - B2Gold operates several mines, including the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia, positioning the company well within the gold production sector [3]

Additionally, CPKC today announced that Marc Parent has been appointed to the board effective Jan. 27, 2026, and that Kate Stevenson has been nominated to stand for election as a director at CPKC's Annual General Meeting of Shareholders in April 2026. CALGARY, AB, Jan. 28, 2026 /PRNewswire/ - Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) announced today that, as part of its ongoing board succession planning, Gordon Trafton, a current member of the CPKC board, has been appointed vice-chair of the ...

Core Insights - The Whistler Conference is recognized for setting the tone for the year in the investment community, particularly in the precious metals sector [1][2] Group 1: Conference Overview - The 29th Annual CIBC Western Institutional Investor Conference is referred to as the Whistler Conference, highlighting its significance in the industry [1] - The conference features a royalty panel, indicating a focus on companies involved in royalty agreements within the precious metals market [1] Group 2: Presentation Format - Each CEO participating in the conference is allotted a 5-minute presentation before engaging in a fireside chat, allowing for structured discussions [2] - The order of presentations is determined alphabetically, simplifying the process for attendees [2]

Group 1 - The Canadian Big Five Banks are recognized for their strong fundamentals, attractive dividends, and prudent asset diversification, making them a top choice in the banking sector [1] - These banks have demonstrated resilience against macroeconomic challenges and market volatility, maintaining solid performance [1] Group 2 - The author has extensive experience in the logistics sector and stock investing, focusing on ASEAN and NYSE/NASDAQ stocks, particularly in banking, telecommunications, logistics, and hotels [1] - The investment strategy includes diversification across various industries and market capitalizations, with a mix of long-term holdings for retirement and short-term trading for profits [1] - The author has been active in the US market since 2020, gaining insights from platforms like Seeking Alpha to enhance investment knowledge and strategies [1]

Financing Announcement - GreenPower Motor Company has closed a credit approval from CIBC for US$5 million in financing facilities, which includes a US$3 million revolving line of credit and a US$2 million term loan with a three-year term [1] - Two directors of the Company have provided personal guarantees of up to US$5 million in support of the financing facilities, and the Company has issued warrants and shares as incentives for these guarantees [1][2] Use of Proceeds - A portion of the net proceeds from the financing was utilized to repay and close the Company's existing operating line of credit, while the remainder is allocated for general corporate purposes [1] Related Party Transactions - The issuance of 2,016,129 non-transferable share purchase warrants and 403,225 shares to the Guarantors is classified as a related party transaction under Multilateral Instrument 61-101, but is exempt from formal valuation and minority approval requirements [2]

Core Insights - Aer Soléir has achieved financial close for the Rondissone project, a 250MW battery energy storage system (BESS) in Piedmont, Italy, with an investment of approximately €180 million, making it the largest BESS project currently under construction in Italy [1][2] Group 1: Project Financing - A consortium including Bayern LB, Nord/LB, Siemens Financial Services, CIBC, and ABN AMRO is providing funding, covering up to 80% of capital expenditure with a 15-year amortization schedule [2] - This transaction is noted as the first of its kind for a BESS asset in Italy [2] Group 2: Strategic Partnerships and Agreements - Aer Soléir secured a 15-year capacity market contract with the Italian Government at €47,000/MW per year, and a seven-year fixed toll agreement with EGO Energy, a subsidiary of Shell Italia, for the BESS project [4] - EGO Energy will operate the Rondissone project as part of its renewable energy portfolio, providing Aer Soléir with fixed annual payments [4] Group 3: Future Plans and Investments - Aer Soléir plans to invest €1.5 billion in Italy over the next five years across 17 wind, solar, and battery storage projects, enhancing its position as a leading renewable energy independent power producer (IPP) [3] - The company operates as an affiliate of 547 Energy, backed by Quantum Capital Group, which manages over $32 billion in equity commitments globally [5]

Group 1 - Canadian Imperial Bank of Commerce (CIBC) has been a strong performer among the Big Five Canadian banks, with shares returning positively [1] - The investment strategy highlighted is a long-term, buy-and-hold approach, focusing on stocks that can sustainably generate high-quality earnings, particularly in the dividend and income sectors [1]