Investor sentiment in Canadian banks has begun to sour ahead of earnings this week as short interest positions in the stocks have jumped and analysts have begun to get increasingly skittish about their prospects in a weakening Canadian economy. When you look at the amount of leverage banks have on their balance sheets, they are a bit at risk right now," said Kevin Headland, director of capital markets & strategy at Manulife Asset Management. Canada's three largest banks Royal Bank of Canada (RY.TO), Toronto-Dominion Bank (TD.TO) and Bank of Nova Scotia (BNS.TO), are among the top 20 most shorted stocks in Canada based on the latest Toronto Stock Exchange data released mid-February.
via Business News http://ift.tt/1D7miTw
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