Following the latest set of earnings from Canada’s six largest banks, one portfolio manager says he has a positive outlook for the sector.
Ross Healy, chairman of Strategic Analysis Corporation, and portfolio manager at MacNicol & Associates Asset Management, joins BNN Bloomberg to discuss Canadian bank earnings.
Ross Healy, the chairman of Strategic Analysis Corporation and a portfolio manager at MacNicol & Associates Asset Management, said in an interview with BNN Bloomberg Thursday he is optimistic about the future performance of the group of lenders. “I think TD, actually it’s more of the reputational damage behind it as opposed to the operational damage.”
“And they didn’t scare the market away either. When it all got announced, it sort of blipped down a little bit, but it came back nicely. And the stock is towards the lower end of its normal range,” he said.
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