Bank Earnings Preview: Analysts Expect Q1 Growth, Valuation Multiple at Upper End of Historical Range; Telus Leadership Change Unlikely to Impact Valuation; BofA Updates Top Investing Themes for 2026.

Bank stocks are expected to see 8% year-over-year cash operating EPS growth, driven by NIM expansion and fee-revenue growth. Despite a premium valuation, Telus Corp. is expected to maintain a strong position with sustained adjusted EBITDA growth, cost efficiencies, and a focus on shareholder returns. The top investing themes for 2026 include sustainable investing, digital transformation, and the growth of emerging technologies.