Banks head into Q3 results with high valuations, overhang of economic uncertainty - BNN Bloomberg
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Rolling outlet bias
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3,172 articles tracked
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Article Excerpt
TORONTO — Canadian bank stocks are riding high after largely shrugging off economic concerns, but analysts are starting to wonder if their third-quarter results coming next week will test optimism around the sector.
After losing ground along with the rest of the stock market in early April following U.S. President Donald Trump’s tariff announcements, the sector has been on the climb.
National Bank analyst Gabriel Dechaine said the Big Six bank stocks have outperformed the wider market by a percentage point so far this year, leaving price-to-earning valuations some 15 per cent above the histo…
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