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Look to income statement for clearer picture on banks: NB Financial
Posted on May 09, 2008
It is time for investors in Canada s banks to shift focus from the balance sheet to the income statement, says National Bank Financial analyst Rob Sedran.There s still a lot of noise about possible writedowns that would put more pressure on capital across the sector. But the big banks have enough buffer to weather more charges, especially when you consider their domestic retail networks continue to churn out huge profits, says Mr. Sedran.Of more pressing concern now is the slowdown in the economy, which will lead to rising loan loss provisions and restrict market sensitive income tied to t...
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