Large Canadian Banks Q2 2022 Earnings Round-Up

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Presented by

Carl De Souza and Patrick Miller

About this talk

Canada’s large banks had a solid quarter, although adjusted earnings declined 4% quarter over quarter (QOQ). Lower provisions for credit losses (PCLs), strong loan growth and an expansion in net interest margins was offset by a decline in capital markets activity.  Average allowance levels reduced 4% QOQ and 19% year over year, despite improved credit conditions being tempered by increasing economic uncertainty. Join DBRS Morningstar's Carl De Souza and Patrick Miller to gain further insight into the performance of Canada's largest banks this quarter and the outlook heading into the second half of the year.

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