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
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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 Montreal128.05 CAD-0.97Rating
Bank of Nova Scotia81.08 CAD-1.06Rating
Canadian Imperial Bank of Commerce145.79 CAD-0.92Rating
National Bank of Canada92.77 CAD-0.17Rating
Royal Bank of Canada127.08 CAD-0.47Rating
The Toronto-Dominion Bank87.42 CAD-0.48Rating

About Author

Eric Compton

Eric Compton  Eric Compton is an equity analyst for Morningstar,

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