CIBC Expects Favorable 3Q, Despite U.S. Mortgage Exposure


CIBC Expects Favorable 3Q, Despite U.S. Mortgage Exposure

Related Stocks: CM FP Trading Desk submits: CIBC (CM) tried to clear up some of the speculation surrounding its exposure to the U.S. subprime lending market on Monday, with a preview of what to expect in the third quarter. The bank said it expects to lose $190-million (after tax) on collateralized debt obligations and residential mortgage-backed securities related to the U.S. market. Complete Story »

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