The Globe and Mail reports in its Saturday, Nov. 23, edition that CIBC sits comfortably at one end of the performance spectrum, with a gain of nearly 87 per cent (not including dividends) since October, 2023. The Globe's David Berman writes that at the other end, Toronto-Dominion Bank has gained just 2 per cent over this period, to Nov. 20. Perhaps TD can be dismissed as an outlier, after the bank's anti-money-laundering lapses culminated in a $3-billion (U.S.) fine in October. Even so, CIBC is nearly 60 percentage points ahead of BMO and 45 percentage points ahead of Scotiabank. "Our strategy is working, and it's working well," Victor Dodig, CIBC's chief executive officer, said during a conference call with analysts in late August, after the bank reported its third quarter financial results. A year ago, CIBC stood out for its extra-large dividend yield of more than 7 per cent, which made it look like a strong buying opportunity. CIBC shares have soared in the last year. Oddly enough, bank stocks with lower dividend yields have also performed well. RBC and National Bank trail only CIBC since October, 2023, even though the two banks had the lowest dividend yields among the Big Six banks at the start of the period.