TORONTO - As Canadian banks get set to report second-quarter results next week, analysts expect year-over-year gains despite a "challenging" operating environment and slowing loan growth.
TORONTO - As Canadian banks get set to report second-quarter results next week, analysts expect year-over-year gains despite a “challenging” operating environment and slowing loan growth.
Even with “serious potential headwinds,” Canadian banks are still seeing near historically high valuations, a trend that should continue this quarter, said Jefferies analyst John Aiken in a note on Tuesday.
Canadian banks will be facing a high bar when they report earnings at the end of the month, say analysts. Find out more
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