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Wealth Professional | 26 May 2016, 02:00 PM Agree 0
Three more leading Canadian banks reveal their second quarter earnings with many caveats to their success
  • Murray Schultz | 26 May 2016, 03:12 PM Agree 0
    What can you say about Canadian banks (multi-billion dollar bail-outs notwithstanding). With remarkably similar EPS numbers and the majority of employees on the company stock plan (an interesting expense item that tends to prop up stock values), I wonder whether these small upticks in declared dividends are more politically motivated than financially sound. With set-asides for non-performing oil and gas loans and what appears to be stress from the real estate market on the horizon, isn't the prudent course of action likely to be consolidation and keeping one's powder dry? Would a dip in stock prices not allow employees (and other dividend-seeking parties) to acquire more stock and, at the same time, lower the banks' outlay as co-payer for those securities? Just curious.
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