The Globe and Mail reports in its Tuesday, Feb. 10, edition that Desjardins Securities analyst Doug Young forecasts a 7-per-cent year-over-year increase in Canadian banks' cash earnings per share and adjusted pretax, pre-provisions earnings for the first quarter, driven by strong wealth management and capital markets performance, despite tough comparisons to 2025. The Globe's David Leeder writes that Mr. Young says in a note: "Five themes we'll be watching: (1) Any change in the management teams' outlook or mood. (2) We expect cash EPS and adjusted pretax preprovision (PTPP) earnings growth to be bolstered by strong wealth results. That said, the capital markets divisions could thrill to the upside with a podium finish. (3) We expect on average a slight increase in total PCL rates sequentially. ... We are not expecting any material surprises. (4) If the banks can achieve stated ROE targets sooner than expected, estimates need to go higher." Mr. Young continues to rate Toronto-Dominion Bank "buy." He gave his share target a $6 boost to $139. Analysts on average target the shares at $128. The Globe reported on Dec. 19 that Mr. Young had reaffirmed his "buy" call for Toronto-Dominion Bank. It was then worth $127.99.