RBC CM Lowers CIBC's Q3 2007 EPS Estimate

The Globe and Mail, Tara Perkins, 24 July 2007Canadian Imperial Bank of Commerce could be forced to take a hit of about $100-million this quarter because of its exposure to securities related to the U.S. subprime mortgage market, analysts say."The continued weakness in securities related to U.S. subprime housing will likely force CIBC to mark down its exposure to the space, as most of its