Analysts will be watching for trends in key indicators like loan growth, capital raising, and how much banks are putting aside in case loans go sour.
The Canadian Real Estate Association said that national home sales fell by 5.3 per cent in July comparedwith June, and was down 29.3 per cent compared with July 2021, translating into lower loan activity for banks. On the capital markets side, banks are expected to report a sharp drop in investment banking revenue as companies and investors become more cautious, but Shanahan said that trading revenue could help buffer the impact despite market pressures.
Bank decisions on credit loss provisions will be another key area to watch as it shows what they see ahead for economic conditions and how they expect those loans will perform. Scotiabank analyst Meny Grauman said in a note that bank stock performance has reflected big swings in the wider economic outlook.
“At current valuation levels the market appears to be pricing in a mild recession with only limited impact on credit performance, which is in fact our base case scenario.”
lecce said they would do this over the summer really meant after their holidays and not willing to increase per student funding, don’t have enough bus drivers, don’t have ac in all buildings dont have math texts to match new curr. Skipped all kids one full grade in math. onpoli
THIEVIES
The banks steal from you. CIBC is the worst!
Ford has no plans for bus driver shortages either or more school councillors. All while he gave himself a raise and someone without diversity training is educ minister. onpoli parents need to watch “backpack full of cash” by Matt Damon to see how usa ruined pub Ed. onpoli cbc
Rising rates and raised service fees
Well this should be fun
Really?
Of course this is no surprise
Increased interest rates = increased profits for banks
The HOUSE always wins.
Let me guess… record breaking profits on the backs of Canadians.
Many of the people complaining about bank profits probably have pension plans or mutual funds that invest in those same banks. It works both ways and some day they will appreciate those investments.
Balling to the moon and will still get bailed out.
When you make so much money off of people who literally have no money Greed is killing this world
Some bank executives make more money from profit sharing and performance bonuses, than on their base salary. Besides this information already public knowledge, let's see who get's upset and challenges me on it?
Yeah - due to interest rate hikes by bankofcanada the profits will be even higher. Interest rate hikes provide for free $$ to banks. Boc should force refunds for high interest collected. CdnBankers Canada cdnpoli canadavisa Ontario onpoli TOpoli
Pretends to be shocked.
Despite? No shit! that’s where my interest is going !
Making money on people's misery and people's money!
As a result of interest rate hikes, it is obvious that banks would make huge profits because people are paying more in terms of interest!!
I’m sure they made lots of money and will raise service fees again
This should be interesting. Billions in profits whilst working class folk struggle ....the system is fked up.
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Source: CTVCalgary - 🏆 26. / 68 Read more »