Coles Myer

News & Analysis

coles myer and financial - All News and Analysis

• Don't Believe the CIBC-AIB Takeover Rumors

  Seeking Alpha - 2009-11-19

  Streetwise Blog submits: By Tara Perkins The rumors are back. The Irish Independent reported Thursday that “Allied Irish Banks AIB, which needs to raise billions of euro to bolster its capital reserves over the next few years, is continuing to be circled by Canadian Imperial Bank of Commerce...

  Tags: Financial, Streetwise Blog, Canadian Imperial Bank, Coles Myer

• Canadian Imperial Bank Engenders More Credit Concerns from Analysts

  Seeking Alpha - 2009-03-02

  FP Trading Desk submits: Canadian Imperial Bank of Commerce CM may have swung to a first quarter profit, but analysts weighing in on the results aren't ready to start dancing in the streets. Instead many of them remain extremely concerned about the bank's credit woes and warn investors to...

  Tags: Financial, FP Trading Desk, Canadian Imperial Bank, Coles Myer

• Canadian Banks Seek to Raise Capital - But Not with Dividend Cuts

  Seeking Alpha - 2009-01-11

  FP Trading Desk submits: Canadian banks have responded to rising capital demands with a flurry of capital raising activities during the past few weeks. While analysts were quick to point out that not all capital is equal, TD Newcrest’s Jason Bilodeau told clients that there is more than one...

  Tags: Financial, FP Trading Desk, Canadian Imperial Bank, Coles Myer

• Upcoming Quarters Don't Look Good for CIBC - Dundee Securities

  Seeking Alpha - 2008-12-04

  FP Trading Desk submits: CIBC was downgraded to a “sell” by Dundee Securities analyst John Aiken after the bank reported its quarterly results Thursday morning. While he does not believe CIBC will need to raise more common equity in the near term, the bank “may not be deploying capital...

  Tags: Financial, FP Trading Desk, Canadian Imperial Bank, Coles Myer

• RBC Capital Analyst: Low Probability Canadian Banks Will Encounter Solvency Issues

  Seeking Alpha - 2008-11-12

  FP Trading Desk submits: A challenging economic environment that makes valuations not overly cheap on a historical basis, the expectations for continued pressure on profitability as a result of the slowing economy, challenging credit and funding markets, and earnings estimates that look like they need to be lowered by...

  Tags: Analyst, Earnings Estimate, Seeking Alpha, FP Trading Desk, Canadian Imperial Bank, Coles Myer, Financial

• Financial Fallout: How It Affects Canadian Companies Sun Life and CIBC

  Seeking Alpha - 2008-09-29

  FP Trading Desk submits: Two Canadian financial names involved in the turmoil south of the border should see a significant impact if things progress the way they appear to be. Sun Life Financial Inc. SLF has disclosed C$270-million in exposure to Washington Mutual Inc. WM bonds and will not...

  Tags: Financial, Canadian Imperial Bank, Coles Myer

• Financial Landscape: Writedowns, Losses and Capital Raised

  Seeking Alpha - 2008-09-17

  Market Folly submits: Amid all the financial chaos, I thought it would be a good idea to post up a simple chart breaking down the financial landscape in terms of writedowns, losses, and capital raised. From Bloomberg, you'll see how institutions are looking in terms of raw numbers: writedowns/losses versus...

  Tags: Bank of America Corp., Barclays Plc., Canadian Imperial Bank, Citigroup Inc., Coles Myer, Deutsche Bank AG, E*Trade Financial Corp., Financial, Goldman Sachs Group Inc., HBOS Plc., HSBC Holdings Plc., IndyMac Bancorp Inc., J.P. Morgan Chase & Co., KeyCorp, Lehman Brothers Holdings Inc., Merrill Lynch & Co. Inc., Morgan Stanley, National City Corp., UBS AG, Wachovia Corp., Washington Mutual Inc., Wells Fargo & Co.

• Are Big Investment Banks' Days Numbered?

  Seeking Alpha - 2008-09-16

  Mark McQueen Wellington Financial submits: He may be new to investment banking, but CIBC World Markets CEO Richard Nesbitt was quick out of the gate on Monday with his own prediction regarding the fallout of Lehman’s LEH bankruptcy filing. According to Bloomberg, Mr. Nesbitt believes the days of the...

  Tags: Canadian Imperial Bank, Coles Myer, Financial, Goldman Sachs Group Inc., Lehman Brothers Holdings Inc., Matsushita Electric Industrial Co. Ltd.

• Odlum Brown Analysts: Canadian Banks Still a Buy

  Seeking Alpha - 2008-09-16

  FP Trading Desk submits: With leading Wall Street institutions caught in a death spiral, stock-pickers at Odlum Brown see hidden value in Canadian banks. The analysts said: by FP Trading Desk

  Tags: Financial, Canadian Imperial Bank, Coles Myer

• Analysts Mixed on CIBC's 3Q Results

  Seeking Alpha - 2008-08-29

  FP Trading Desk submits: The market seemed to like CIBC’s CM third quarter resultsthat showed lower-than-expected writedowns on its credit investments, sending the stock up more than 5% on Wednesday. However, not everyone feels the positive reaction was justified. Michael Goldberg at Desjardins Securities said the bank’s capital position...

  Tags: Financial, Canadian Imperial Bank, Coles Myer