Canadian banks are set to reveal how they're faring in the lead up to a possible recession as they report quarterly earnings this week.
Key questions for analysts will be on how much banks are profiting from their loans, measured in one way by the net interest margin, and what the chances are that some won't be able to pay those loans back, measured by how much money banks are setting aside for potentially bad loans. "Margin expansion has been one of the more exciting developments in the banking space, partially offsetting recessionary concerns," said National Bank analyst Gabriel Dechaine in a note.
"The bottom line is that those looking for proof of a recession in this latest batch of bank results will be sorely disappointed once again." "Being year-end, it is usually a good time to press for guidance. Are we at or near peak net interest margins and peak loan growth? How high do provisions for credit losses go from here?"
'possible' ? LOL..cut the crap...we're all f**ked
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