Banks Poised for Solid Growth in Q2 Despite Uncertain Economic Backdrop: Analysts

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Bank towers are pictured in the financial district in Toronto, on Sept. 8, 2023. The Canadian Press/Andrew LahodynskyjAs Canadian banks get set to report second-quarter results next week, analysts expect year-over-year gains despite a “challenging” operating environment and slowing loan growth.Even with “serious potential headwinds,” Canadian banks are still seeing near historically high valuations, a trend that should continue this quarter, said Jefferies analyst John Aiken in a note on Tuesday.

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