The Globe and Mail reports in its Friday, Aug. 1, edition that Credit Suisse analyst Kevin Choquette has raised his price targets on all the major Canadian banks by 15 per cent. The Globe's Darcy Keith, Tim Shufelt and Jody White write in the Eye On Equities column that Mr. Choquette rates Bank of Nova Scotia "outperform." He targets Scotiabank shares at $84. The analyst rates Canadian Imperial Bank of Commerce "neutral, with a new target of $110. The Credit Suisse stockpicker rates National Bank of Canada "neutral," with a $50 target. He rates Royal Bank of Canada "outperform" with a $92 target. Mr. Choquette rates Toronto-Dominion Bank "neutral," with a $63 target. For the sector in general, Mr. Choquette says: "We expect superior shareholder returns for the banks to continue, based on steady gradual P/E multiple expansion, high dividend yields, high and sustainable profitability, high capital generation, solid earnings growth despite the low interest rate environment, and slow credit growth as well as significant positive earnings leverage to higher interest rates. We see reasonable earnings growth for the bank group in the 8-per-cent to 10-per-cent range. ... We believe net interest margins have stabilized."