Bank Earnings

• CIBC beats profit estimates, TD posts lower profit on loan loss provisions

  Canadian Imperial Bank of Commerce exceeded estimates for first-quarter profit on Thursday, while TD Bank Group reported a fall in first-quarter profit.

  Economy

  Feb 29
  
• RBC, National Bank report higher profits. What to know

  Royal Bank of Canada and National Bank of Canada were the latest big banks to report earnings on Wednesday. Here is what their reports show.

  Canada

  Feb 28
  
• Advertisement
• Scotiabank beats profit estimates on interest income strength, BMO misses

  Scotiabank on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while BMO fell short due to bigger loan-loss provisions.

  Economy

  Feb 27
• Advertisement
• TD Bank cutting thousands of jobs amid ‘challenging environment’

  TD Bank says its profit and revenues were lower year-over-year in its fourth fiscal quarter, missing analyst expectations, but it raised its quarterly dividend.

  Money

  Nov 30, 2023
• Canada’s big banks likely to end financial year with another profit drop: analysts

  Canada's big banks are likely to wrap up a challenging financial year with another quarter of declining profits and rising bad debt provisions amid a slowing economy.

  Economy

  Nov 27, 2023
• CIBC misses profit estimates as it sets aside more money for bad loans

  CIBC missed analysts' estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.

  Money

  Aug 31, 2023
• BMO, Scotiabank set aside more funds to cover bad loans amid higher interest rates

  BMO and Bank of Nova Scotia, missed analysts' estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.

  Money

  Aug 29, 2023
• RBC warns of more job cuts after beating profit estimates; TD misses

  Canada's largest bank RBC and TD Bank kicked off big bank earnings Thursday - both setting aside more money for loans that could go sour.

  Money

  Aug 24, 2023
• Advertisement
• National Bank joins other major lenders in setting aside more cash for bad loans

  National Bank of Canada raised its quarterly dividend and reported its second-quarter profit fell compared with a year ago and increased loan loss provisions.

  Money

  May 31, 2023
• Advertisement
• BMO, Scotiabank are putting aside more money for loans that could go bad

  Bank of Montreal and Scotiabank kicked off Canada bank earnings with lower profit than a year ago. Both banks raised their dividends Wednesday.

  Money

  May 24, 2023