Included below is a link to an appearance on BNN’s Business Day AM segment earlier today by Tony Demarin, Portfolio Manager with BCV Asset Management.
In this appearance, he commented on their expectations for the upcoming Canadian bank earnings announcements. They expect earnings to be flat or up modestly over the same quarter last year, as pressures from a slow Canadian economy and rising loan losses in the energy sector counter positive performance from non-Canadian bank operations, wealth management, insurance and capital markets at most of the banks.
He also commented on bank valuations, which they see as being in the middle of historic ranges, and on dividends, where they expect some of the banks to announce dividend increases alongside their earnings announcements.
Click to View BNN Appearance: http://www.bnn.ca/Video/player.aspx?vid=876319