Scotia Capital Preview of Banks' Q4 2006 Earnings

Scotia Capital, 16 November 2006OverviewBanks begin reporting fourth quarter earnings November 28th. We are looking for continued earnings resilience with growth expected at 14%. We are upgrading our bank share price targets, reflecting low level of interest rates, dividend and earnings growth and profitability. Seasonality and the flow of funds as a result of the Income Trust tax changes are