Sign in

    Mike Rizvanovitch

    Managing Director and Senior Equity Analyst at Scotiabank

    Mike Rizvanovic is a Managing Director and Senior Equity Analyst at Scotiabank, specializing in Canadian bank coverage with a focus on large financial institutions such as CIBC, BMO, TD Bank Group, Royal Bank, and National Bank. He has delivered insightful research and performance forecasts, including assuming coverage of companies like CIBC with Outperform ratings and targeted price metrics, and is known for his analytical rigor in assessing sector earnings and valuation trends. Rizvanovic began his career as a Financial Analyst at Scotiabank in 2001, subsequently holding analyst roles at CIBC and Bombardier, before returning to Scotiabank where he advanced to his current position; his professional credentials include extensive experience in financial analysis and equity research, though specific securities licenses or FINRA registrations are not listed. Notable for his sector expertise and forecasting accuracy, he is recognized within the industry for his published commentary and thorough coverage of major Canadian banks.

    Mike Rizvanovitch's questions to ROYAL BANK OF CANADA (RY) leadership

    Mike Rizvanovitch's questions to ROYAL BANK OF CANADA (RY) leadership • Q2 2025

    Question

    Inquired about the cause of the deteriorating gross impaired loan (GIL) ratio in the mortgage book and asked for the approximate revenue contribution of the mortgage business to the Personal Banking segment.

    Answer

    The mortgage GIL deterioration is not related to the high-quality HSBC portfolio but is driven by payment stress in specific markets like the GTA. The bank's overall client quality remains strong. The specific revenue contribution of the mortgage business was deferred to an offline conversation.

    Ask Fintool Equity Research AI