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Financial Services Market Talk Roundup

Wall Street Journal Markets •
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Scotiabank remains bullish on Canada’s banks, citing Prime Minister Carney’s Building Canada Strong plan to support foreign capital flows and TSX-listed valuations. The bank expects over 10% EPS growth in 2027, with positive capital markets commentary and attractive dividend yields. Meanwhile, Zaye Capital Markets notes improving institutional demand for ether, with ETF inflows and corporate accumulation pushing prices toward $2,800–$3,000 if support holds above $2,600.

Ether rose 1.1% to $2,714. Societe Generale’s capital markets day impressed Deutsche Bank, which raised EPS forecasts by 2–4% and target price to 89 euros, maintaining a buy rating. Shares rose 4.1% to 72.73 euros.

UBS shares gained 3.2% amid reports the bank is exploring options to leave Switzerland, potentially via merger, due to new capital requirements. IAG’s settlement with Credit Suisse resolved a legal overhang, with Citi maintaining a buy rating and A$8.80 target; shares at A$7.80.