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Business
Dipanjan Banchur

Toronto-Dominion Bank (TD) and Canadian Imperial Bank of Commerce (CM): Are They Worth Adding to Your Watchlist Ahead of Earnings?

TD CM Canadian Imperial Bank of Commerce Toronto Dipanjan BanchurSince Interest Rates

The Toronto-Dominion Bank (TD) and Canadian Imperial Bank of Commerce (CM) are set to report their first-quarter results on February 29, 2024. Both companies are expected to report a year-over-year decline in earnings. TD’s revenue is expected to decline over the prior-year quarter. On the other hand, CM’s revenue is expected to rise in the first quarter.

In this article, I have discussed why waiting for a better entry point in bank stocks TD and CM could be prudent.

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