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Stock impact report

Better Bank Buy: Scotiabank Stock or CIBC? [Yahoo! Finance Canada]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Some fund managers say that it's not a good idea to hold too many Canadian banks because they're in the same sector. Therefore, they're subject to the same risks. For example, big Canadian banks Bank of Nova Scotia TSX:BNS ) and Canadian Imperial Bank of Commerce TSX:CM ) typically experience weaker earnings during economic downturns or recessions. History tells us what happens to the banks in recessions In the last two recessions, here's how weak their earnings were. Due to the impacts of the COVID-19 pandemic, Scotiabank witnessed its adjusted earnings per share (EPS) drop by 25% in fiscal 2020. However, its adjusted EPS rebounded 10% higher than in fiscal 2019 by fiscal 2021. Similarly, COVID-19 impacted CIBC, which saw adjusted EPS drop 19%. CIBC's adjusted EPS rebounded 21% higher than in fiscal 2019 by fiscal 2021. ADVERTISEMENT The global financial crisis resulted in Scotiabank's adjusted EPS falling 18% from fiscal 2007 to fiscal 2009. By fiscal 2011, its adjusted E Show less Read more
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