11:48 AM EDT, 08/12/2025 (MT Newswires) -- In its third-quarter preview of Canadian banks, RBC is adjusting its estimates modestly (tweaks to capital markets and other individual bank adjustments). Core EPS estimates decrease ~1% on average for the large Canadian banks covered heading into the quarter.

Analyst Darko Mihelic expects ~6% YoY growth and a healthy ~6% QoQ increase in core EPS on average for the large Canadian banks in his coverage. "We model muted loan growth while NII/NIMs are still supported by tractors and we expect capital markets and wealth businesses to perform well as equity markets were helpful."

Credit quality appears to remain stable. Although Mihelic sees some soft spots in GDP growth, unemployment, and housing market trends, he is not anticipating "issues" in the quarterly results.

RBC believes CIBC, National, and TD can report results stronger than the most recent consensus view.

Price: 156.32, Change: +0.89, Percent Change: +0.57