TSX:BNS - Post Discussion
Post by
zack50 on Feb 13, 2023 4:37pm
A “steady” first quarter of fiscal 2023 for Canadian banks..
Barclays analyst John Aiken is expecting a “steady” first quarter of fiscal 2023 for Canadian banks. “After a challenging 2022, a renewed risk-on sentiment has fueled an early FY23 outperformance for the banks,” he said in an earnings preview released on Monday. “The slew of BoC rate hikes remains supportive for margins, and a seasonally strong Q1 could see CMRev surprise to the upside. And, while credit should continue to normalize, expenses should ebb from a ‘kitchen sink.’”
Mr. Aiken made a series of target changes to stocks in the sector, including
- Bank of Nova Scotia “equalweight” to $84 from $85. Average: $77.72.
Be the first to comment on this post