Upcoming first quarter Canadian bank earnings, on a whole, are expected to be better than expected (so does that mean they’re just “what was expected”?:)). This follows on my earlier note about Barclay’s bank having better than expected earnings, and also the midday rally today in financials across the board.
Some, however, think these first quarter results might still just represent an anomaly.
It sounds good to me – now we’ve got improved bank earnings in both the UK and Canada – who’s next? If banks feel better about their balance sheets, maybe we can get more corporate lending happening – a necessary for any recovery.
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