Highlights

  • 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).
  • To read more about this report click below on downloads
  • Check out our video Latest Video about Initiating coverage on Canadian Banks

Are you enjoying the highlights?

Discover the company's fair value estimate from our certified analysts, identify potential risks, and explore exciting upcoming catalysts in our detailed report.

Already a member? Sign In

Investors are also interested in:


Atrium Mortgage Investment Corp. Q2 Beat Expectations / COVID-19 Had Minimal Impact on Existing Portfolio in Q2

 


Three Point Capital – High Yield MIC Focused on 1st Mortgages; 7.2% return

 


Marble Financial Inc. (CSE: MRBL / OTCQB: MRBLF) Nominal Loan Originations in Q1-2020 – FINAL REPORT