Q: I agree the quarter looked fine on the surface with most numbers up but I think the change in yearend but what's being compared is a 4 month final quarter and 10 month year. Also net impaired loans are ramping up big time.
Could this be what is spooking trading in the stock today? Perhaps you could take a closer look at the numbers.
Could this be what is spooking trading in the stock today? Perhaps you could take a closer look at the numbers.
5i Research Answer:
The year end change did confuse investors. We have quarterly comments posted. In addition to some profit taking, National Bank downgraded the stock. Loan losses were higher than expected, primarily in equipment finance. A spike in loan impairments also worried investors.