Analysts cautious on big bank earnings amid recessionary headwinds

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

At least two analysts have revised their earnings expectations for the fourth quarter

CANADIAN BANK BUILDINGS ON BAY STREET.recession, pointing to volatile markets, the need to set more money aside for bad loans and and increasing funding costs among other headwinds.

“The biggest drivers are lower capital markets revenue, less wealth management revenue and higher operating expenses,” Holden wrote in a Nov. 18 note, adding that the two dominant themes for the quarter would be net interest margin expansions and higher credit provisioning. “Overall, our adjusted estimates imply earnings will be down two per cent and on average.”

 

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

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

Analysts cautious on big bank earnings amid recessionary headwindsA combination of factors are working against Canada\u0027s major lenders. Find out more.
Source: financialpost - 🏆 7. / 85 Read more »