NTIOF - Canadian banks expected to report smaller Q3 beats loan demand seen dropping

The upcoming round of third quarter results from Canadian banks, which starts with Bank of Montreal and Scotiabank, should have plenty for investors to keep an eye on: loan growth, dividends, Credit losses "When we exited Canadian bank earnings season in early June, we thought that by the time Q3 reporting rolled around, COVID would be a fading memory," Bank of Nova Scotia banking analyst Meny Grauman in a recent report cited BNN Bloomberg. Canadian big banks crushed earnings expectations in past two quarters and also released large sums earlier set aside for loans that could potentially go bad – all of which flowed directly to the bottom line. However, the report cites that Q3 earnings could see smaller beats and also banks could be more cautious in releasing funds from earlier-booked loan loss reserves, and that could mean an end to huge EPS beats. Thereby, loan demand will also be

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Canadian banks expected to report smaller Q3 beats, loan demand seen dropping