In Q3, RBC and CIBC beat our EPS estimates(due to strong loan growth and credit loss recoveries), while TD, BMO, and BNS fell below expectations. We are raising our FY2021 estimates for RBC and CIBC by 2.5%, while lowering our estimates for the other banks by 0.5%.
This report is currently available to premium subscribers – Free subscribers will gain access on September 8th, 2021
Join as a FREE member and get our research report delivered straight to your inbox, with a seven-day delay
Visit Royal Bank of Canada page for more research, discussion boards and to like, and share.
