system
A chat on subreddit /r/wallstreetbets
human
Correct.  They are already starting to take a hit.  Provisions for loan losses for last quarter are between 20% and 120%, which is huge.  BMO saw a decrease because they have a lot of operations in the US.

gpt
You do realize that if banks are recording provisions now, then they are already well prepared for when these loans do default later on... ie. their PnL won't be affected, and their share prices won't go down? 
  
 And wtf does a provision for loan losses of 120% mean? 100% means you have written off the entire loan already :S