Interest rate cuts mean time has come to buy discount bank stocks, says CIBC --[Reported by Umva mag]

Lower interest rates and easing of economic risks give cheaper stocks more earnings upside

Sep 20, 2024 - 18:42

Interest rate cuts mean time has come to buy discount bank stocks, says CIBC --[Reported by Umva mag]

Now is the time for equity investors to move out of premium-traded Canadian banks and into discounted banks, analysts at Canadian Imperial Bank of Commerce said, citing lower interest rates and easing of economic risks that give the cheaper stocks more earnings upside. Read More

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.