Canadian big bank earnings to take hit from capital markets slump: RBC

📆 09/08/2023 20:31:00
📰 financialpost

⏱ Reading Time:
59 sec. here
2 min. at publisher
📊 Quality Score:
News: 27%
Publisher: 85%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

RBC says slumping capital markets and M&A revenues are set to hit earnings at Canada’s biggest banks. Read more.

Play Video

RBC analyst Darko Mihelic chopped his profit forecast on five major Canadian lenders, citing a dearth of deals. The dollar value of mergers and acquisitions handled by the country’s largest banks likely dropped 77 per cent in the fiscal third quarter compared with a year ago, Mihelic calculated, based on data compiled by Bloomberg.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Subscribe now to read the latest news in your city and across Canada.Daily content from Financial Times, the world's leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Create an account or sign in to continue with your reading experience.Share your thoughts and join the conversation in the comments.Don't have an account?

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:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Big bank earnings to take hit from capital markets, M&A slump, RBC saysRBC says slumping capital markets and M\u0026amp\u003BA revenues are set to hit earnings at Canada’s biggest banks. Read more.
Source: nationalpost - 🏆 10. / 80 Read more »

Canada bank earnings to take hit from capital markets, M&A slump, RBC says - BNN BloombergSlumping capital markets and M&A revenues are set to hit earnings at Canada’s biggest banks when they report this month, according to Royal Bank of Canada.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Posthaste: Housing market in for 'bumpy' road amid high interest rates, RBC saysThe Bank of Canada\u0027s latest interest rate hikes put the brakes on the housing market rebound in many cities, RBC says. Find out more.
Source: nationalpost - 🏆 10. / 80 Read more »

Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC saysThe Bank of Canada\u0027s latest interest rate hikes put the brakes on the housing market rebound in many cities, RBC says. Find out more.
Source: financialpost - 🏆 7. / 85 Read more »