Canadian Banks (TSX: RY / TD / BNS / BMO / CM) Valuation Metrics Still 6% Below Pre-Pandemic Levels
Highlights In Q3, RBC and CIBC beat our EPS estimates(due to strong loan growth and credit loss...
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Company Name: Bank of Nova Scotia
Canadian Banks (TSX: BNS / BMO / CM / RY / TD ) Q1-2021 Beat Forecasts / TD and BMO Have the Highest Expected Return
Highlights The Big Five’s Q1 earnings beat our estimates primarily due to...
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Canadian Banks(TSX: RY / TD / BNS / BMO / CM) Raising FY2021 Forecasts Amid Improved Outlook from Vaccine Rollout
Highlights The Big Five (except CIBC) reported stronger than expected earnings in FY2020. On...
Read MoreInitiating coverage on Canadian Banks – RBC / TD / BNS / BMO / CIBC Q3 Earnings Surge Sequentially on Lower PCLs
After more than a ~50% (both y/y and q/q) slump in combined earnings of the top six Canadian banks in Q2 on a ~415% y/y jump in Provision for Credit Losses (PCLs), they made a strong recovery sequentially (+60%) in Q3 primarily attributable to sharply lower PCLs during the quarter (-40% q/q).
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