What are experts saying about earnings from BMO and Scotiabank?

Both banks revealed a rise in loan loss provisions in third-quarter earnings released on Tuesday and analysts are cautious of further credit risks ahead.

He has a 12-month price target of $64 on shares of Scotiabank and neutral rating on the stock, which is equivalent to a hold. Scotiabank’s shares were trading at $62 as of Tuesday morning. BMO’s earnings per share of $3.12 after adjusting for severance and legal provisions was below consensus of $3.14, but above our estimate at $3.08,” Holden wrote in a note to clients.

There are opportunities to cut front line staff as transactions turn digital, and a possibility to cut on the commercial corporate side, according to Mark McQueen, former president and chief executive officer at Wellington Financial LP.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Bank earnings: Analyst picks top bank for the quarterWith Canada’s big six banks in the midst of reporting their latest quarterly results, one analyst suggests the top bank has already reported.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »

Bank earnings: Money manager picks top bank for the quarterWith Canada’s big six banks in the midst of reporting their latest quarterly results, one analyst suggests the top bank has already reported.
Sumber: BNNBloomberg - 🏆 83. / 50 Baca lebih lajut »