11:30 AM EDT, 08/30/2024 (MT Newswires) -- As EQB works through loan resolutions in equipment finance and commercial mortgage lending combined with a normalizing monetary policy, higher provisions for credit losses could remain topical for another quarter while fiscal 2025 looks more constructive, writes BMO analyst Etienne Ricard.

"We rate EQB Outperform and view the stock's 1.2x book valuation as attractive for a 15%+ through-the-cycle ROE bank."

Target maintained at $106.

Price: 95.03, Change: -0.45, Percent Change: -0.47