National Bank economist Stéfane Marion warns housing affordability woes are set to worsen amid another surge in immigration levels,
While this is a minor 4% increase to our price target, it reflects multiple signs that both sentiment and revision trends have bottomed and are beginning to improve, which we believe will be a key tailwind for valuation expansion into year-end.
We expect some idiosyncratic differences in results (BMO bouncing back from a very weak Q1/24, TD reflecting a provision for AML, and CM experiencing a drop in PCLs as CRE losses decline).
We do not expect material changes in the trends for NIMs [net interest margin] or loan growth, and we suspect Capital Markets-related revenues are not significantly different from Q1/24.
Big Tech’s defensible margins have scarcity value in an environment characterized by slowing growth and sticky inflation … What is the nearest and most likely catalyst for the rally to establish a broader base, and which segments of US equities are most likely to benefit?
Hamza spoke with several customers, channel partners and managements of 20+ private and public companies, including Microsoft, Check Point, CyberArk, and Tenable.
The original article contains 1,090 words, the summary contains 188 words. Saved 83%. I’m a bot and I’m open source!
This is the best summary I could come up with:
National Bank economist Stéfane Marion warns housing affordability woes are set to worsen amid another surge in immigration levels,
While this is a minor 4% increase to our price target, it reflects multiple signs that both sentiment and revision trends have bottomed and are beginning to improve, which we believe will be a key tailwind for valuation expansion into year-end.
We expect some idiosyncratic differences in results (BMO bouncing back from a very weak Q1/24, TD reflecting a provision for AML, and CM experiencing a drop in PCLs as CRE losses decline).
We do not expect material changes in the trends for NIMs [net interest margin] or loan growth, and we suspect Capital Markets-related revenues are not significantly different from Q1/24.
Big Tech’s defensible margins have scarcity value in an environment characterized by slowing growth and sticky inflation … What is the nearest and most likely catalyst for the rally to establish a broader base, and which segments of US equities are most likely to benefit?
Hamza spoke with several customers, channel partners and managements of 20+ private and public companies, including Microsoft, Check Point, CyberArk, and Tenable.
The original article contains 1,090 words, the summary contains 188 words. Saved 83%. I’m a bot and I’m open source!