Bank towers are pictured in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew Lahodynskyj
As Canadian banks get set to report second-quarter results next week, analysts expect year-over-year gains despite a “challenging” operating environment and slowing loan growth.
Even with “serious potential headwinds,” Canadian banks are still seeing near historically high valuations, a trend that should continue this quarter, said Jefferies analyst John Aiken in a note on Tuesday.
