TORONTO—Royal Bank of Canada, Toronto-Dominion Bank Group and Bank of Montreal set aside billions of dollars during their second quarters to guard against defaults by their borrowers. The question now looming for the rest of the year: how much will they need? “We won’t know until the end of the year, or early next if they did enough,” said Gabriel Dechaine, an analyst with National Bank. “We’re in the first quarter of a downturn. It’s hard to say they’ve washed their hands of this.”...

Source: Wall Street Journal May 29, 2020 19:07 UTC