- Checking the Q2 results of the big U.S. banks and extrapolating to Canada, CIBC's Rob Sedran says Bank of Montreal (BMO +0.2%) and Royal Bank of Canada (RY +0.2%) are poised to see the largest benefit from trends in commercial lending and capital markets. TD Bank, however, is more exposed to consumer lending, which continues to slow.
- “The weakness in personal lending [at banks in the U.S.] was more than offset by strength in commercial and industrial loan growth, which came in at just over 8%," says Sedran, noting BMO is most exposed to better C&I business in the States.
- For RBC, the bright spot, says Sedran, was U.S. capital markets business performing better-than-expected (how could it not), including robust M&A activity.
BMO and RBC most exposed to positive U.S. banking trends
From other sites
at Benzinga.com (Feb 24, 2015)
at Nasdaq.com (Jan 28, 2015)
at Nasdaq.com (Jan 20, 2015)
at CNBC.com (Jan 4, 2015)
at Nasdaq.com (Dec 2, 2014)
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