text: 'That’s the highest ROE for any domestic bank, and it underpins a premium valuation on CIBC’s share price.'
  
  Huh?  A 'premium valuation'?
  
  Newsflash Globe and Mail, CIBC has the lowest P/E of any Canadian bank.   I wouldn't say CIBC has a 'premium valuation'. 
  
  For the record, I am long CIBC.