‘The party’s still not over’ for Canadian bank stocks, says Scotia analyst

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Scotiabank bank analyst Mike Rizvanovic’s report on bank earnings was called The Party’s Still Not Over, “We came into Q3 earnings cautious about the near-term outlook for the banks following the strong run-up in their share prices in recent months and were doubtful that results would drive forward earnings expectations higher. Clearly, our caution was unwarranted as the large banks once again showed their resilience even in the face of ongoing macroeconomic uncertainty. The quarter featured a sizable EPS beat almost across-the-board, driven by top-line...