Feb
13
Six Canadian Lenders Hit Record Highs Ahead of Earnings Season
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Big lenders expected to lift quarterly profit 7%, Cormark says
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Barclays says bank valuations may be nearing infection point
Six Canadian lenders including Royal Bank of Canada and Toronto-Dominion Bankreached record highs Monday, extending a North American bank rally as analysts predict higher profits.
Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada and Laurentian Bank of Canada also reached peaks, helping extend the eight-company S&P/TSX Commercial Banks Index’s streak of record highs for the fourth straight day. Bank of Montreal rose, though remained 8 cents short of its all-time high…
Six Canadian Lenders Hit Record Highs Ahead of Earnings Season
