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CM/RY: Should the “Big 6” Canadian Banks Raise Capital Right Now?

April 8th, 2020

“Risk weighted assets for the Big 6 banks, and CM and RY in particular are massively understated in our view.  CM and RY are 26 and 23 times levered based on gross loan exposure to total Tier 1 capital.  Given their substantial...

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Canadian Banks: Earnings Season Was a Disappointment, It Could Have and Should Have Been Much Worse; Take a Gander at...

June 6th, 2019

Heading into earnings season for the Big 6 Canadian banks, we were almost certain that a great deal of the discussion on the analyst conference calls would be centered around loan performance in...

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