But as they prepare to report third-quarter results this week, many bank watchers are wondering if they are about to change their tune.
“We lowered our core estimates for the large Canadian banks as we expect stage two releases to stop, plus we modelled slightly weaker results in capital markets and wealth, all partly offset by a slight increase in ,” RBC analyst Darko Mihelic said in the note.Article content National Bank of Canada analyst Gabriel Dechaine also noted that banks may have to be more conservative with their loan-loss provisions because of the deteriorating economic outlook, a risk that was flaggedMany banks flagged economic uncertainties in May while reporting second-quarter results, but their chief executives remained confident about their performance.
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