Swot Analysis : The Canadian Imperial Bank Of Canada

Although the Canadian Bank oligopoly has traditionally been uncontested, the environment in which they operate is experiencing significant change. In order for retail banks to remain relevant in a decade, they must make significant changes to their business model. International political landscape tensions hinder international ambitions of banks and while the increased regulation is viewed as an additional burden, it is currently one of the rare forces keeping new entrants from dominating the entire industry. The Canadian population is facing a significant shift affecting the banks environment, their customer base includes an increasing proportion of millennials, women and visible minorities. Canada has the second largest population of foreign born habitants, and due to mass migration this trend will intensify.

JP Morgan and Chase (JPMC) is the top fanatical service of US market and the biggest bank in US. JPCM with its exceptional 5 different business segments, which are corporate and investment banking (CIB), consumer and community banking (CCB), asset and wealth management (AWM), commercial banking (CB) and corporate entity.

Maximising long-term value for its customers, shareholders and its employees is the organisation’s main strategic priority. Commonwealth bank’s strategy is to create long- term value and maintaining competitive advantage by differentiating itself from its competitors.

Wells Fargo is an American multinational diversified financial services company. The company operates throughout the world. It is one of the largest banks in the US in the state of assets. Moreover, Wells Fargo is the largest market capitalization bank in the US. It takes the second category in the field of deposits, delivery of home mortgage services, and delivery of credit cards. The company has its headquarters in Francisco, California. The company has coverage of more than twenty-four states in the US. In every state, it has established its headquarters that act as distribution and storage regions for the company's products and services. The company offers insurance, banking, mortgage, and consumer financing through the sale and distribution of its networks across the US. The advantages of Wells Fargo Company are widely distributed: they have helped it realize a stable market in the United States and around the globe.

Following the Second World War, Canada has made various efforts to improve its peacekeeping reputation, and beginning with them joining the United Nations (UN) after its creation in 1945, they were mostly successful. However, not all of their efforts have been successful; they have also made some mistakes along the way. A few examples of Canada’s efforts within the last 60 years include the Suez Crisis in 1956, the United Nations Mission for Rwanda from 1993 to 1996 and United Nations Operation in Somalia in 1992.

According to the most recent Federal Reserve study; most of us haven’t set foot in a banking hall in ages. It is a lost battle to banks that opt to use traditional methods to conduct their banking transactions (Gup 2003). By December of last year, close to half of all smartphone users in the United States had transacted some or all of their banking on their phones and iPhones. In the United Kingdom alone, rates of mobile banking transactions doubled over the course of a single year (Scn Education 2001). A banking business that invests in this type of technology gets assured of increasing their customer base.

CIBC has focused its core business on retail and business banking, wealth management, and whole sale banking. They have shown a proven track record of providing there customers with financial services and advice through a group upwards of 1100 branches worldwide. Strategies CIBC has portrayed is to continually find new ways to enhance the experience of the client and to stimulate safe revenue growth. CIBC has put emphases on creating deep meaningful relationships with all clients, constantly trying new ways to improve service and sales prospects and to create relationships with new clients while retaining existing clients for a long period of time (CIBC).

PNC Financial Service Group states that they offer a variety of services from individuals, small businesses, corporations, and government. They have services from simple to complicate. The individuals covers kids, adults, and people working towards retirement. Small businesses covers most companies. Even further, as families grow and people age, they start looking to their existing bank relationships to start planning their future – and their families. The website Adweek.com referenced a PNC television advertisement entitled “know you are saving for a special moment”. It showed a Father dreaming of his daughter’s fairy tale wedding. PNC knew the connection of wanting to handle the everyday needs and the long term finance needs that families have. PNC stressed that they could give this man confidence to reach the

1. At the start of the 21st century, RBC was Canada’s leading bank and largest bank in terms of assets and market capitalization. It was a full-service bank with five main lines of business: personal and commercial banking, insurance, wealth management, corporate / investment banking, and transaction processing. The commercial bank of RBC (Royal Bank) accounted for nearly 50% of the company’s net income and had an extensive delivery network with branches, Automated Banking Machines (ABM’s), point of sale terminals, mobile sales staff, and 1.4 million online banking customers and 2 million phone customers. The bank also had an extremely strong international network.

. Mobile services not only offer a new, convenient channel for existing customers of banks, the technology will also provide access to 3 Bnstrong global unbanked population

JP Morgan Chase & Co. is currently United States’ biggest bank, and the 6th biggest bank internationally with over 2.4 trillion dollars in assets. This financial juggernaut was formed in 2000, when Chase Manhattan Corporation and JP Morgan & Co merged. Currently, Chase is well known for their credit card line in America, and is responsible for consumer banking, while JP Morgan is well known internationally, and responsible for investment banking. Although JPMC is one of the world’s biggest banks, senior management at JPMC has continuously referred to the company as a technology company. Technology plays an astronomically more important role in banking because of convenience and security. JPMC currently has over 40,000 technologists, of which over 18,000 are software developers (Crowe). In comparison, Google, arguably the most renowned tech company in the world, has around 60,000 employees. With such an enormous staff of technologists and coders, JPMC, like any big tech corporation, must be concerned with employee production efficiency. Over my past summer as an intern, I’ve noticed that there is one key area that JPMC could improve on – keyboards. Every technologist at JPMC has their own area for their computer setup, and unsurprisingly, most technologists spend a majority of their time in front of their computer doing one task – typing. The keyboards provided by JPMC were basic plastic membrane keyboards that did not support any added functionality. Even as an intern, I

The company consistently provides superior customer services to its clients before and after providing investment solutions (Invesco Ltd., 2013).

1. SWOT matrix is an approach that is used to evaluate the strengths, weaknesses, opportunities as well as the threats that are associated with all the activities of the organization. An organization should conduct a SWOT analysis strategy with an aim of ensuring that it meets all its set goals. More so they will be at a position of identifying their competitors with whom they operate same businesses so as to ensure they remain competitive in the market. When evaluating the strength of an organization, organizations such as American Express should ensure that all the strengths of that organization are listed and more so it should ensure that

Technological advancement has had a gigantic effect in the banking industry. Over the past few decades, the financial services industry has changed considerably with banking transforming from the pen and paper method to the computers and internet method. The pen and paper method took weeks or even months for the transaction to be eventually completed, and then the dramatic introduction of the computer and internet method which changed that time frame to only a matter of seconds to be completed, which reduced the amount of time and labor needed to complete a transaction significantly. Banking is considered one of the most important economic sectors with it being severely influential and responsive to any little change, whether it is domestic or international. Some extreme changes that were brought about by the development of this new technology turned into a globalized nature for the financial services industry. One stroke of a key on a computer could and would change a person 's life extensively or even have a global impact. The new technologies that were created and introduced changed how the consumers managed their money from that time on. Technology has helped to protect peoples’ hard earned money and make it much more impossible for people to be able to write out bad checks or even holding up a bank. The advancement in technology however, also came with some security risks as most things do, that could affect the money that people trusted with the bank and

This was a step that attracted many foreign investors, Companies such as Ford, Unilever, Hyundai, Coca-Cola, McDonalds, Enron and Nokia, counted India as a key strategic area of operation. Foreigners not only invested in India directly but also enter into joint ventures or take significant stakes in long-established Indian companies. Companies named Ford Credit Kotak Mahindra, Prudential ICICI, Birla 3M, etc. To ease consolidation with the parent company's financial statements or to understand the results of the joint ventures, Indian companies affiliated to such multinationals adopt international