Q: Good Morning
With the banks reporting next week, I have read it may not be so much about actual results but more about future guidance.
Do you have thoughts on which banks(s) will have results that you and/or the market view positively and which ones will be viewed negatively.
Thank you
Ian
With the banks reporting next week, I have read it may not be so much about actual results but more about future guidance.
Do you have thoughts on which banks(s) will have results that you and/or the market view positively and which ones will be viewed negatively.
Thank you
Ian
5i Research Answer:
TD might include some charges to earnings regarding its money laundering issues, so might be negative. RY has had positive surprises in 8 of the past 10 quarters so might lean positive. BNS does not have a great record in this regard, but the stock has turned positive very nicely after investors hated it for years and we might expect positivity here.