Photo: The Canadian Press
Stock markets may be hitting record highs in the U.S., Japan and Europe, but Canadian bank shares are not catching as much momentum as they head into first quarter earnings results. Bank towers are shown from Bay Street in Toronto’s financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
Stock markets may be hovering around record highs internationally, but Canadian bank shares haven’t seen as much momentum as they head into first-quarter earnings results this week.
The sector has been lagging on concerns of sluggish loan growth, risks to existing loan portfolios and a range of other headwinds including changes to tax exemptions and capital requirements.
Some of the biggest fears are easing, but analysts say a turnaround isn’t expected any time soon.
“After many quarters of bearishness, we are getting much more…
