News Formal

U.S. bank issues will set focus for Canadian bank earnings: CIBC analysts - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Turmoil in the U.S. banking sector will likely set the tone for bank earnings in Canada when reporting begins next week, but CIBC researchers maintain that Canadian lenders are more secure than their American counterparts.

Bank of Nova Scotia and Bank of Montreal are set to report first on May 24, with competitors reporting until June 1.The earnings preview from analysts at CIBC Capital Markets published Monday anticipated the earnings would reflect “a challenging quarter.”

“With the recent bank failures in the U.S., a main focus this quarter will be on funding and liquidity risks and the overall impact to going forward,” their report said. And while Canadian banks “already have strong liquidity and capital positions,” the analysts said there is “incentive to boost ratios higher” in the current environment, with banking instability on people’s minds.

“Overall we expect the message will be that risks are being monitored while current loan performance is okay,” the report said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Week Ahead: Canada inflation data; Earnings from Home Depot, Canada Goose - BNN BloombergA look at what investors will be watching in the upcoming week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »