through the early hours of the morning as investors continue to assess the turmoil in the global banking sector. This morning, there are a few catalysts – shares of U.S. regional banks are largely in the red in the premarket after Bloomberg News reported First Republic is exploring strategic options, including a potential sale And, after Credit Suisse stoked some initial optimism throughout the sector over in Europe by securing a US$54-billion lifeline from the Swiss National Bank.
. Adjusted earnings per share came in at $0.64 and revenue came in just shy of estimates in the quarter. That cybersecurity incident late last year took a toll to the tune of $39 million in the quarter - more than the $25 million hit estimated back in December – as it threw a wrench in procurement, leaving some products unavailable. On the food price inflation front, which has been a flashpoint with Canadian shoppers, the company says it’s difficult to know how long those pressures will persist.
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