Analyst Comment COMMENT
Bank earnings - quality.(A Commentary)
02/03/2023
Bank earnings - quality.
Hard to tell on a quarterly basis. As a general rule, they're in very good shape. Even though loan losses have continued to rise, that's a good thing because they can take them back into earnings when things aren't as bad as forecast. Lots of capital to increase dividends or buy back shares, not trading at extreme levels on book value. In his dividend portfolio, he owns TD, RY, CM, and BNS. These are great businesses over the long term. A lot of the quarters had one-off costs. Great things to buy and hold long term. They continue to make money.
Paul Harris, CFA