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The big Canadian bank stocks are sailing through earnings season. And thus far, it’s proven to be quite rough waters, with shares of Bank of Montreal (TSX:BMO) recently nosediving following the release of some sub-par results. Of course, not all banks fell flat upon clocking in their results.
Macro headwinds have weighed heavily, and they could continue to do so as we move choppily into year’s end, with a potential Canadian recession that may just be right around the corner. Still, not all banks are created equally, with some having the ability to ride out rougher tides than others.
The rocky road ahead for the big banks
Undoubtedly, the Bank of Canada may be ready to turn a corner on interest rates. And while doing so may provide a bit of relief to consumers, I’m not so sure bank investors should play the interest rate game, as many growth-focused investors may be inclined to do at this juncture….
