Banks Could Be Best Buy in Decade

Sean Silcoff, Financial Post, 14 August 2007Canadian Imperial Bank of Commerce offered up a spoonful of sugar yesterday as it revealed its US$1.1-billion exposure to the U.S. subprime home-mortgage market: The third quarter will be a scorcher. Earnings are due from Canadian banks at the end of this month, and CIBC said that it will earn $2.30 a share, up 24% over last year. It was enough to lift