The Financial Post reports in its Thursday edition that after years of lagging returns and more recent concerns over U.S. office loans, CIBC has turned a corner with investors. A Bloomberg dispatch to the Post quotes chief executive officer Victor Dodig saying he will not put that at risk with acquisitions that reduce shareholder value. "The investor sentiment fundamentally says that CIBC is a changed bank," Mr. Dodig told Bloomberg. This, he said, comes after a steady focus on courting affluent Canadians as clients, investing in technology and digitization and targeting privately owned businesses and entrepreneurs in the United States. Mr. Dodig, 59, who has led Canada's fifth-largest bank for more than a decade, laid out the bank's relatively straightforward strategy at CIBC's most recent investor day back in June, 2022. "We don't want to be doing something large that would make us take a step back," Mr. Dodig said, adding that he remains open to an "interesting" acquisition that improves return on equity. "But it really is focused on organic growth and tuckin acquisitions, particularly in the wealth-management space, which are capital light and would strengthen our hand in a business that we're very good at."