E272 – Decoding Q2 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 recent earnings results to key themes to watch throughout the second half of 2025.

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, June 16, 2025.

ETFs mentioned in the podcast:

• BMO Equal Weight Banks Index ETF (Ticker: ZEB)
• BMO Equal Weight US Banks Index ETF (Ticker: ZBK)
• BMO Covered Call Canadian Banks ETF (Ticker: ZWB)

Buyback Programs: When a company repurchases a portion of its shares, reducing the number available on the open market.

Capital Ratios: The ratio of bank capital and reserves to total assets.

P&C: Personal and commercial banking

PCL: Provision for Credit Losses

Restructuring Charges: One-time costs incurred when a company undergoes significant organizational changes, such as downsizing.

Operating Leverage: A measure of how revenue growth translates into operating income growth.

ROE: Return on Equity

USMCA: The United States-Mexico-Canada Agreement

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