【出版时间及名称】:2009年11月加拿大银行业研究报告
【作者】:TD证券
【文件格式】:PDF
【页数】:35
【目录或简介】:
Table of Contents
Q4/09 Preview Summary ………………………………….…………………… 3
Executive Summary ……….…………………………………………………… 8
Key Issues
2010 Outlook .………………………………………………….………….…. ….9
Capital Markets…………………………… ………………………………..…. 10
Credit…………………………. .……...……………………….……………….. 13
Earnings Outlook ………...……..…………………………..……………...... ..17
Operating Environment…...……..…………………………..……………......18
Stock Coverage
Bank of Montreal .…………………………………...……………....... 19
Bank of Nova Scotia ……....………………………………..………..... 20
Canadian Imperial Bank of Commerce …………………..……...….. 21
National Bank of Canada ……………………………………..…...…. 22
Royal Bank of Canada ….………………………………………..….... 23
Canadian Western Bank .………………………………………........... 24
Laurentian Bank of Canada ..…………………………………..….…. 25
Table of Comparables …………………………………………………………. 26
Appendix 1: Capital Market Trends …………………………………………. 27
Appendix 2: Loan and Deposit Trends ………………………………………. 28
Appendix 3: Equity Market Trends ………………………………………….. 29
Appendix 4: Rate Environment and Credit Spread Trends ..………………. 30
Justifications and Key Risks to Target Prices ………………….……………. 31
APPENDIX A: IMPORTANT DISCLOSURES …………………………….. 33