Canadian banks beat earnings expectation in Q2

We are generally positive on the Canadian banks after this round of earnings.

Eric Compton 1 June, 2018 | 5:00PM

 

 

The big six Canadian banks reported second quarter earnings which were, on the whole, good. Most of the banks beat consensus, credit quality stayed strong, and management outlooks remained steady. Despite a few lingering issues, we are generally positive on the Canadian banks after this round of earnings.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Montreal80.23 CAD-0.69
Bank of Nova Scotia55.15 CAD-0.05
Canadian Imperial Bank of Commerce101.96 CAD-0.50
National Bank of Canada69.57 CAD-1.65
Royal Bank of Canada95.47 CAD-1.10
The Toronto-Dominion Bank62.08 CAD-0.72

About Author

Eric Compton

Eric Compton  Eric Compton is an equity analyst for Morningstar,

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