The Globe and Mail reports in its Thursday, Aug. 4, edition that Desjardins Securities analyst Doug Young says Canadian bank stocks are performing well despite a challenging outlook. The Globe's David Leeder writes in the Eye On Equities column that in a sector note previewing third quarter earnings, Mr. Young is forecasting a year-over-year decline in cash earnings per share of 2 per cent for the Big Six banks, which would be the first decline in over two years. He cites the group "lapping a tough comp in Canadian banking and capital markets." He says in a note: "Otherwise, credit, Canadian banking trends as well as what potential regulatory capital rule changes could mean for CET1 ratios will be areas of interest. The Big Six Canadian bank stocks have had a strong run thus far in 2016 and are on average trading above historical levels on a P/E basis. With several headwinds still on the horizon, we maintain our market-weight view on the sector." He hiked his share target on Bank of Nova Scotia to $71 from $70. He boosted Bank of Montreal to $84 from $82. He elevated his share target on National Bank of Canada to $45 from $44.