Barclays analyst Brian Morton initiated coverage on both Canadian and Mexican banks, and he likes the latter more,
“Given differences in loan and deposit spreads, Mexico banks have been able to generate net interest margins in excess of 6% compared to roughly 1.5-2.
“Of the 15 companies in our Canadian Technology coverage universe that have reported calendar Q4 earnings, 73% have exceeded revenue expectations and 27% have missed consensus. This performance is better than that of the 100 largest tech stocks in Canada , where 52% exceeded revenue expectations and 48% missed last quarter. Across our coverage, Q4 results have been healthy.
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