Canadian Banks Still Priced For Positive EPS Surprises, National Bank Says in a Q2 Preview

National Bank's Q2 preview highlights that Canadian bank stocks have risen 13% this year, outperforming the S&P/TSX by 550 basis points. Analyst Gabriel Dechaine notes that banks are priced for positive EPS surprises, trading at 14x forward EPS. He recommends Royal Bank of Canada and Toronto-Dominion Bank as top picks, while BMO could benefit from U.S. loan growth. Current price for BMO is $251.72, down 0.28%.