The Globe and Mail reports in its Friday, Sept. 6, edition that Desjardins Securities analyst Doug Young is maintaining his "constructive" outlook for Canadian bank stocks following the third quarter earnings season, as he sees key trends as "positive for the sector on average." The Globe's David Leeder writes in the Eye On Equities column that Mr. Young says in a note: "Good thing we sharpened our pencils. We learned a lot. (1) This was a good quarter for the group on average, with cash EPS and adjusted pretax, preprovision earnings above expectations. (2) However, there were overachievers (NA, CM and RY) and strugglers (BMO). (3) The Canadian banking trends are encouraging. (4) Yes, there can be divergences in credit losses as we saw from BMO and CWB, a result of a few commercial loan impairments. (5) The Canadian consumer remains resilient, but for how long? (6) Lower interest rates should help, but when? (7) The NIM outlook is constructive. (8) Regulatory capital ratios are at comfortable levels. (9) And several banks seem inclined to buy back more stock." Mr. Young continues to rate Canadian Imperial Bank of Commerce "buy" with an $83 share target. Analysts on average target the shares at $79.09.