AGF says North American banks gain as AI infrastructure buildout drives loan growth

• AGF published a Sept. 3, 2026 analysis flagging North American banks as second-order winners from the 2026 AI infrastructure buildout.
• Loan growth, capital markets activity seen rising as hyperscalers increase borrowing to fund large AI projects.
• Productivity gains expected to slow cost growth versus revenue growth, led by automation of documentation-heavy processes such as mortgage applications.
• Deposit disruption risks viewed as limited near term due to entrenched consumer behavior, regulatory constraints on compliant AI deposit-optimization models.
• U.S. banks cited as early beneficiaries; select Canadian Big Six positioned from earlier AI investment; European banks seen lagging, creating selective valuation opportunities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AGF Management Limited published the original content used to generate this news brief on September 03, 2026, and is solely responsible for the information contained therein.