The Globe and Mail reports in its Thursday, Nov. 20, edition that CIBC World Markets analyst Paul Holden, ahead of the approaching fourth quarter earnings season for Canadian banks, raised his forecasts by an average of 1.8 per cent, pointing to higher investment banking and wealth management results. The Globe's David Leeder writes in the Eye On Equities column that Mr. Holden says in a note: "Each of the big banks will be providing initial F2026 guidance. We expect a relatively conservative tone given uncertainty with U.S. trade negotiations and lacklustre economic growth in Canada. We expect to hear guidance along these lines: mid-single-digit loan growth, flat NIM, modestly improving impaired PCLs (5bps) and positive operating leverage. That won't get us excited, but what does is the prospect for capital intensive growth in Canada stemming from the recent federal budget and the likelihood of lower regulatory capital requirements. We expect the banks can produce high-single-digit to low-double-digit EPS growth in F2026 and similar in F2027." Mr. Holden continues to rate Bank of Nova Scotia "neutral." Mr. Holden hiked his share target by $8 to $100. Analysts on average target the shares at $91.85.