Q: Comments please on EQB earnings and outlook.
Thanks!
Thanks!
5i Research Answer:
Revenues were light at $263 mln vs $300 mln expected but EPS was better at $2.26 vs $2.17 expected. Cost controls helped drive strong earnings in the quarter but impaired loans continue to be something to watch. ROE was solid at 11.1%. The PC Financial purchase continues to move forward. It looked like an ok quarter overall with not much in surprises.