The Globe and Mail reports in its Tuesday, June 2, edition that Scotia Capital analyst Mike Rizvanovic says Canada's large banks demonstrated their "resilience yet again" during the recent second quarter earnings. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rizvanovic says their performance came "in the face of mounting macroeconomic headwinds, with an across-the-board EPS beat that featured an expected boost from market-sensitive businesses, but also included solid gains in fee-based revenue more broadly, signs of a pickup in loan volumes, and further evidence that credit costs remain very manageable at this stage of the credit cycle." He has a "positive bias" on the group's earnings per share through fiscal 2027, but notes that "stretched valuation multiples limit share price upside." Mr. Rizvanovic adds, "We believe that current market dynamics are still favorable for the group, making it possible for further upward EPS revisions in the quarters ahead." Mr. Rizvanovic continues to rate Royal Bank of Canada "sector outperform." Mr. Rizvanovic gave his share target a $23 boost to $275. Analysts on average target the shares at $275.05.