Canadian Banks Ace Q2 Earnings: Here's a Top TSX Stock to Buy Today
Image source: Getty Images Canadian banks have painted a rosy picture for the post-pandemic world after their blockbuster Q2 performance. Apart from the earnings and revenue growth, the massive reversal of loan loss provisions indicates confidence in the recovery and credit quality. It should notably improve investor sentiment on the street, fuelling another rally in TSX stocks. Canadian banks report solid Q2 earnings. Royal Bank of Canada(TSX:RY)(NYSE:RY) reported a net income of $4 billion for the quarter ended April 30, 2021. That’s a steep growth of 60% from a compa...