Dividends, credit and the economy: Bank Q3 earnings

"The risk of future economic weakness has forced Blackmont Capital’s Brad Smith to cut his 2008 and 2009 earnings per share (EPS) estimates and price targets for Canada’s biggest banks. The Big Six domestic banks begin reporting third quarter results on August 26 and the analyst is advising investors to use broader strength in the sector to reposition themselves with exposure to those banks with the strongest capital and best strategy."