Analyst ‘starting to see a divergence’ between Big Six banks as earnings roll in

Benjamin Sinclair, CFA and equity analyst at Odlum Brown, joins BNN Bloomberg to discuss bank earnings for BMO and Scotiabank.

“And on the flip side, banks like , and ; they are dealing with some very challenging situations, and on a shorter term basis, it could very well be quite messy over the next 12 months.” “Provisions have been the main culprit, and within that, the U.S. commercial loan book has been the main driver of that as well, so we’ve seen the shares sell-off and we think that’s appropriate.”

“We’ll see how it goes. The bank has made good progress, so I think it’s appropriate to take a ‘wait and see’ attitude,” Sinclair said.

United States United States Latest News, United States United States Headlines

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

Expect more choppy action from Big Tech stocks: AnalystEquity markets (^DJI, ^IXIC, ^GSPC) are rebounding, with the technology sector (XLK) at the forefront. CFRA Research Senior Equity Analyst Angelo Zino joins ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Big Tech stocks: It's time to go bargain hunting, analyst saysThe tech sector (XLK) faced a large sell-off in the past couple of trading days, now witnessing a bounce back on Tuesday. While some on Wall Street are...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »