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Canada’s big banks continue to blow past analysts’ forecasts, but most expect a tougher year ahead.
Canada’s big banks continue to blow past analysts’ forecasts, but most expect a tougher year ahead.
(Moe Doiron/The Globe and Mail)

Price targets going up for Canadian banks

Inside the Market’s roundup of some of today’s key analyst actions. This post will be updated with more analyst commentary during the trading day.

The surprisingly strong performance in the third quarter at Canada’s biggest banks has analysts raising their price targets this morning.

Canada’s Big Six banks all beat Street expectations for their bottom line as they reported results this week. Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce all reported their latest financials on Thursday.