The Canadian Investor
Nvidia’s Market Cap hits 2T and the Start of Canadian Bank Earnings
Feb 29, 2024
This episode discusses Nvidia's market performance, Lightspeed Commerce and Teladoc earnings, Loblaw's earnings, and the start of Canadian bank earnings. They analyze Nvidia's growth and future, as well as the challenges faced by pandemic darlings. The hosts also share personal anecdotes and insights on investment strategies and financial education.
57:14
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Quick takeaways
- Nvidia's blowout quarter indicates potential growth in AI and semiconductors.
- BMO struggles with revenue decline and credit loss concerns, while Scotiabank shows international banking strength.
Deep dives
BMO Reports Rough Quarter with Earnings Decline and Revenue Dip
BMO faced a challenging quarter with an 8% decline in adjusted earnings and an 8% decrease in revenue. The capital markets division witnessed nearly a 20% drop in revenue, reflecting the impact of challenging economic conditions. Provisions for credit losses spiked to $627 million, nearly triple from the previous year, raising concerns about asset quality.
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