Podcast: Decoding Q1 Canadian Bank Earnings
In this episode, special guest Sohrab Movahedi, ETF Strategist Bipan Rai, and your host, Skye Collyer, take a deep dive into Canada’s Big Six banks, from first-quarter earnings results to Trump’s tariffs and all the key themes in between.
Skye Collyer is a Director of ETF Distribution at BMO Global Asset Management. She is joined on the podcast by Bipan Rai, Head of ETF Strategy, Exchange Traded Funds, at BMO Global Asset Management, and Sohrab Movahedi, Managing Director of Financials Research at BMO Capital Markets. This episode was recorded on Monday, March 10, 2025.
ETFs mentioned in the podcast:
- BMO Equal Weight Banks Index ETF (Ticker: ZEB)
- BMO Covered Call Canadian Banks ETF (Ticker: ZWB)
- BMO Equal Weight US Banks Hedged to CAD Index ETF (Ticker: ZUB)
- BMO Equal Weight US Banks Index ETF (Ticker: ZBK)
- BMO Covered Call US Banks ETF (Ticker: ZWK)
- BMO SPDR Financials Select Sector Index ETF (Ticker: ZXLF)
- BMO SPDR Financials Select Sector Index ETF (Hedged Units) (Ticker: ZXLF.F)
Capital Ratios: The ratio of bank capital and reserves to total assets.
PCL: Provision for Credit Losses
NIM Margin: The Net Interest Margin is a measure of the value of a bank’s net interest revenue as a share of its average interest-bearing assets.
Forward P/E Ratio: The ratio for valuing a company that measures its current share price relative to its forecasted per-share earnings (EPS).
GICS: Global Industry Classification Standard
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