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Royal Bank of Canada (RY $203.42)
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Toronto-Dominion Bank (The) (TD $111.49)
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Bank of Nova Scotia (The) (BNS $89.36)
Q: I have noticed that a number of the large banks have had a big rise recently. I am wondering about the reason for this. Specifically, is this a flight to safety going on in the background? Or is it the interest rate reduction or something else?
Thanks
Thanks
5i Research Answer:
It is largely (likely) a reflection of earnings, and in particular lower loan loss provisions....