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Scotia Led Bank Credit Loss Provisions Worries In Q4 Results

  • The Big Six banks have now all reported earnings for fiscal Q4. Scotia saw a large miss to start proceedings off, but since then there have been more mixed figures vs estimates for adjusted EPS.
  • Potential credit loss provisions have played a heavy role, weighing heavily on Scotia’s results but subsequent bank results haven't showed the same escalation to help calm worries over the extent to which debtholders are coming under pressure.
  • RBC and TD have also reported the larger than expected provisions – notable being the two largest by market cap – but not to the same extent, whilst today’s results were mixed with smaller than expected provisions for BMO but larger for National.

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