The Globe and Mail reports in its Tuesday edition that CIBC analyst Paul Holden found last quarter's earnings for Canadian banks solid but uninspiring. The Globe's Scott Barlow writes that Mr. Holden recommends taking profits and reallocating to underperforming stocks in the financial services sector. Mr. Holden described the fiscal second quarter earnings as solid, with minimal market reaction. He is slightly raising his fiscal 2027 sector revenue expectations by 1 per cent. He noted a market environment with strong capital markets, elevated credit losses, little improvement in net interest margins and some efficiency gains. Overall, he finds it challenging to identify profit growth opportunities for major banks (excluding his employer). As well, a slowing economy and a competitive loan market are stifling growth. He expects about 11 per cent year-over-year profit growth for the sector in the latter half of 2026. The bank sector has handily beaten the benchmark year-to-date. The S&P/TSX bank index is up 21.6 per cent compared with 10.1 per cent for the TSX. The strong returns, however, have left valuations unattractive. For investors still comfortable in banks, Mr. Holden has an "outperform" rating on BMO.