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Gold/Mining/Energy : CIBC tse/cm -- Ignore unavailable to you. Want to Upgrade?

To: TomX who wrote (89)8/15/1998 11:07:00 PM
From: Mike K  Read Replies (1) | Respond to of 147
 
IMO all of the banks will report lower earnings this quarter. CIBC is taking the biggest hit with the Oppenheimer acquisition. The
bank owned brokers that I have talked to indicate that business is
slower and IPO activity is way down.

M & A activity is picking up with the low $ and will be brisk in the
4th quarter. All of the banks look good at these levels.

My pick is BNS. It's the bridesmaid.

Mike


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