RBC CM Preview of CIBC Q3 2006 Earnings

RBC Capital Markets, 18 August 2006Q3/06 Preview � Consensus Looks High - Costs Under Control, But Watching Revenue and CreditOur Cash EPS Estimate 5% Below Consensus. CIBC reports Q3/06 earnings on August 31. Our normalized cash EPS estimate of $1.51 is 8� or 5% below the Thomson First Call mean estimate of $1.59 and results in a year-over-year decline of 10% (down 2% sequentially). CIBC is