02:03 PM EDT, 05/31/2024 (MT Newswires) -- According to BMO, the key takeaway from the EQB conference call is that management reiterated its view that Q2 most likely represented a peak in provisions for credit losses with "further progress since quarter-end in commercial loan resolutions." Equipment leasing losses were expected to normalize over the next couple of quarters.

The 2024 guidance is reaffirmed with EQB expecting a stronger H2.

Increasing target to $104 from $102. Maintain Outperform.

Price: 86.99, Change: -2.50, Percent Change: -2.79