Morningstar DBRS Hosts Large Canadian Banks Q2 2024 Earnings Round-Up Webinar

Join us on Thursday, June 27 at 9:30 a.m. EDT for a discussion on the large Canadian banks’ Q2 2024 earnings round-up.

Heading into the second half of 2024, the Big Six banks are still facing a challenging operating environment but continue to maintain ample liquidity and solid capital. Q2 2024 sequential adjusted earnings increased modestly driven by higher noninterest income, paired with a slight reduction in noninterest expenses. However, credit deterioration progressed further in Q2 2024, with impaired provisions for credit losses increasing for the seventh consecutive quarter. Following the Bank of Canada's 25-basis-point interest rate cut on June 5, 2024, some much-needed relief should be provided to heavily indebted Canadian borrowers as debt continues to reprice at maturity, along with a potential boost to muted loan growth, particularly residential mortgage loan growth.

The discussion will be followed by a Q&A for all who wish to participate, and a recording will be provided at the same link for those unable to attend.

To register for the webinar series, click here:
https://www.brighttalk.com/webcast/15677/615402?utmsource=MPR&utmmedium=DBRS&utmcampaign=615402&utmid=701Ql00000EqpOCIAZ

Morningstar DBRS uses BrightTALK to host its webinars. There is a free one-time registration required with BrightTALK to access the platform.

Related Content:
-- “TD's Anti-Money Laundering Deficiencies Pose Increasing Concerns” (June 13, 2024), https://dbrs.morningstar.com/research/434467
-- “Large Canadian Banks Q2 2024 Earnings Round-Up: Sequential Earnings Boosted by Expense Control as Impaired PCLs Rise” (June 10, 2024), https://dbrs.morningstar.com/research/434176
-- “The Canadian Banking Sector: Trade-Off Between Competition and Financial Stability” (May 21, 2024), https://dbrs.morningstar.com/research/432980
-- “Canadian Banks Hike Nonmortgage Retail Credit Provisioning as High Shelter Costs Put the Squeeze on Consumers” (March 12, 2024), https://dbrs.morningstar.com/research/429193

Notes:
For more information on this industry, visit dbrs.morningstar.com or contact us at info-DBRS@morningstar.com.

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