Barclays raised the firm’s price target on Scotiabank (BNS) to C$106 from C$97 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the Canadian banks. The firm expects Canadian bank earnings to modestly increase from Q4 on balance sheet growth, stable net interest income, lower expenses, benign credit quality and active share repurchases. It upped price targets in the group to reflect easing mortgage renewal concerns.
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