Net income was down -34% YoY.
EPS looks to be lowest since 2020.
Probably nothing.
Canadian home loans are all variable rate (fixed for a few years at a time, then variable) so the rising interest rate environment will hit any banks or other bag-holders hard.
Given the insane prices of housing (especially in the big cities and suburbs) there will be lots of jingle mail heading the banks’ way (that is keys, not Santa’s sleigh :-) ).
The Scotiabank branch in the small Canadian town where I summer is open two days a week, four hours a day.
Bns Stock price is below what it was 5 years ago
Dividends are now 7%
Royal bank and td are the 2 best Canadian banks