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).
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  • Check out our video Latest Video about Initiating coverage on Canadian Banks

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