Frontline Perspectives: Large Canadian Banks Q2 2023 Earnings Round-Up & Outlook

The Big Six Canadian banks have faced a challenging operating environment with persistent inflation, high interest rates, macroeconomic uncertainty, and U.S. regional bank turmoil. As a result, Q2 2023 sequential earnings were negatively affected by lower revenues and rising PCLs, as concerns about loan risks and the overall health of the economy rose. Credit quality continued to normalize in Q2 2023 from unsustainably low levels but a potential recession, combined with materially higher borrowing costs, would likely amplify credit deterioration beyond normalized levels. Join DBRS Morningstar for a Frontline Perspectives webinar on the Q2 2023 Canadian Banks Round-Up and Outlook. Shokhrukh Temurov, Vice President, North American Financial Institutions will moderate the conversation as Carl De Souza, Senior Vice President, North American Financial Institutions discusses capital levels, funding and liquidity, and credit quality trends, as well as what can be expected for the rest of the year in this uncertain environment. The discussion will be followed by a Q&A session. DBRS Morningstar welcomes all who wish to participate.