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Investors have sold off the bank group in a very aggressive fashion during the crisis, with the TSX/S&P Commercial Banks Index down approximately 30% from its February high.

Following are their latest thoughts about the crisis and also the potential path toward recovery, along with views of the Global Portfolio Advisory Committee.

While central banks have taken numerous steps over the past month as the economic threat of the coronavirus outbreak has grown, this week marked a watershed moment as banks around the world pulled out all the stops. And they’re not done.

Achieving your goals and safeguarding what matters most with a full-view approach to planning.

Following is an assessment of where things stand in this fast-moving crisis from RBC economists and strategists, and the Global Portfolio Advisory Committee.

While recession risks are becoming more real, financial system stress is nowhere near 2008–2009 levels, and the Fed has added even more stimulus.

Markets are having a difficult time gauging the potential knock-on effects of the coronavirus and crude oil rout for economic growth as well as corporate sales and profits, and the impact of funding for businesses.