Bank (Canadian) industry
Article Abstract:
Improved trading profits and underwriting fees are expected to help the Canadian banking industry have a more profitable year in 1999 than in 1998. More stable financial markets, a slower lending environment in the year 2000, and growth in the non-lending activity by Canadian banks are other trends that are expected to affect the industry. Poor stock prices and earnings have made Canadian bank stocks below-average in their timeliness ratings in 1999, but several have capital appreciation potential for the next three to five years.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Bank (Canadian) industry
Article Abstract:
The Canadian economy grew at a rate of 3.5% in May 1999 and this is expected to continue with improved exports from Canada, possible tax cuts, low interest rates, and job creation. Lending activity by Canadian banks is forecast to increase by 6% or 7% in 1999, also, and banks are also diversifying into areas other than business lending, as well. These stocks are appealing mainly to income-oriented investors and several have growth potential for the next three to five years.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1999
User Contributions:
Comment about this article or add new information about this topic: