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, 2023-05-26.
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