Bank (Canadian) industry

Article Abstract:

Interest rates in Canada are low and inflation is also in check, although the Canadian economy appears to be growing in 1997 and is also expected to grow in 1998. Canadian bank loan and deposit growth has slowed with competition and overcapacity, but information technology has made Canadian banks more efficient and productive. These stocks have limited potential for the years 2000-2002, and are expected to perform with the market.

Bank of Nova Scotia (Canada)

---

Bank (Canadian) industry

Article Abstract:

Lower underwriting fees and trading profits, and macroeconomic trends in 1998 will cause several Canadian banks to report slower profit growth for the 4th qtr of 1998. Volatile capital markets in the US will have an effect, also, and the banking industry in Canada is consolidating, as well. These stocks are not timely for investors in 1998 and 1999, and the long-term outlook for the years 2001 to 2003 is projected to be average.

National Bank of Canada, Bank of Nova Scotia (Toronto, Ontario)

---

Bank industry

Article Abstract:

Earnings for US banks with Asian business ties, with the exception of J.P. Morgan and Company Inc, have risen, but conditions may worsen for bank loans in Asia in 1998. Competitive loan and deposit rate spreads, the need for merger capital, and increased computer expenses for the year 2000 will slow earnings. Large mergers are increasing again, also. Investors need to focus only on those stocks with good revenues and earnings.

Republic New York Corp., U.S. Trust Corp., Chase Manhattan Corp., BankAmerica Corp., Wells Fargo & Co., AmSouth Bancorp., J.P. Morgan and Company Inc., JPM, Mellon Bank Corp., MEL, CMB, BAC, Citicorp, CCI, First Union Corp., FTU, KeyCorp., KEY, BB&T Corp., The Bank of New York Company Inc., City National Corp., First Virginia Banks Inc., Imperial Bancorp., Mercantile Bankshares Corp., PNC Financial Services Group Inc., Bank of Hawaii Corp., Regions Financial Corp., SouthTrust Corp., State Street Corp., Summit Bancorp. (Princeton, New Jersey), SunTrust Banks Inc., Synovus Financial Corp., Union Planters Corp., Wachovia Corp., ASO, BBK, BK, CYN, FVB, IBAN, MRBK, FABC, SOTR, STT, UJB, STI, SNV, UPC, WB, WFC, WILM, ZION, Wilmington Trust Corp., Zions Bancorporation, BankBoston Corp., BKB, PNC, Bankers Trust New York Corp., Quick and Reilly Inc., CF, First Hawaiian Inc., BT, FHWN, RNB, USTC, FLT, NB

Similar abstracts:

• Abstracts: Bank (Canadian) industry. part 9
• Abstracts: Bank (Canadian) industry. part 11
• Abstracts: Petroleum (integrated) industry. Publishing industry
• Abstracts: Chemical (basic) industry. part 10
• Abstracts: Bells and GTE hope to win by losing at Supreme Court. Upstarts' risky challenge to Baby Bells. U.S. opposes application by BellSouth: long-distance proposal said to be premature

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.