U.S. bank issues will set focus for Canadian bank earnings: CIBC analysts

Turmoil in the U.S. banking sector will likely set the tone for bank earnings in Canada when reporting begins next week, but CIBC researchers maintain that Canadian lenders are more secure than their American counterparts.

Bank of Nova Scotia and Bank of Montreal are set to report first on May 24, with competitors reporting until June 1.

BROAD EXPECTATIONS

The earnings preview from analysts at CIBC Capital Markets published Monday anticipated the earnings would reflect “a challenging quarter.”