12:57 PM EDT, 08/20/2024 (MT Newswires) -- In its preview of the large Canadian banks' third quarter, RBC is modeling core EPS to increase ~6% QoQ and ~9% YoY. Analyst Darko Mihelic believes growth in Canada P&C loans will be a little stronger than previously assumed (RBC now assumes 4.1% YoY growth in aggregate versus 3.1% YoY growth). He continues to see signs that credit quality is deteriorating. He does not expect strong results in capital markets.

RBC is modeling impaired provision for credit loss (PCL) ratios to increase 3 bps QoQ and 12 bps YoY to 40 bps on average.

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