RBC CM: Still Too Early to Buy Banks

RBC Capital Markets, 12 February 2009We are lowering our estimated 2009 EPS by a median of 7% based primarily on higher retail loan loss expectations, and reiterating our message that it is still too early to buy Canadian bank shares.� The reason for our greater concern since we last updated our loan loss forecasts (in early December) is that the Canadian employment reports that have come out