Bank (Canadian) industry

Article Abstract:

Canadian banks are expected to achieve revenues and earnings over 10% for the 1995 fiscal year, compared to 1994 figures. Lower loan loss provisions and improved quality of assets are the major factors, and other areas will contribute to good earnings in 1996 as well. Nontraditional services, moderate economic growth, and lower interest rates will aid income in lending. Good dividends and other factors make Canadian banks attractive investments.

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Bank (Canadian) industry

Article Abstract:

Expanding fee-based services, better cost control, and improved quality of assets give the Canadian banking industry good earnings prospects for 1996. There should be a steady decline, both in 1996 and in the future, in the ratio of expense to revenue. Canadian banks are also expanding globally and entering every area of financial services. These stocks are good investments for income, but average for growth in the next six to 12 months.

Bank of Nova Scotia (Toronto, Ontario)

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Bank (Canadian) industry

Article Abstract:

Results were good for Canadian banks in 1994 due to loan loss provisions. However, the weak Canadian dollar, lower interest rates, slower economic growth, and other issues will lead to lower 1995 earnings. Deregulation is allowing greater fee-based revenue in insurance, credit cards, mutual funds, and other services. Dividends are one area which make Canadian bank stocks good investments for the next three to five years.

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