Banks poised for 'solid growth' in Q2 despite uncertain economic backdrop: analysts - BNN Bloomberg
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Article Excerpt
TORONTO — As Canadian banks get set to report second-quarter results next week, analysts expect year-over-year gains despite a “challenging” operating environment and slowing loan growth.
Even with “serious potential headwinds,” Canadian banks are still seeing near historically high valuations, a trend that should continue this quarter, said Jefferies analyst John Aiken in a note on Tuesday.
But he said any uncertainty “surrounding promised robustness of the second half of 2026 could potentially upset the apple cart.”
“While the results should be solid, much will hinge on the conviction of …
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