Latest Results Suggest Best Days Behind Canadian Banks247wallst.com/investing/2023/05/25/latest-results-suggest-best-days-behind-canadian-banks
The words “profit down” are beginning to sound like a broken record for Canadian banks.
On May 24, the Bank of Montreal (CA:BMO) and Bank of Nova Scotia (CA:BNS) reported second-quarter 2023 (April-end) results. Both banks missed analyst expectations as a result of higher loan provisions.
With a possible recession in the second half of the year, the situation for banks will…
This story appeared on 247wallst.com, 2023-05-26.