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- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
- BigLaw Hogan Lovells Announces Hundreds of Buyouts, Layoffs - Almost 500 Affected
- Faith-Based Advisor Censured for Selling Class A Shares to Clergy
- After FINRA Bar, CFP Board Suspends Texas Advisor
- iCapital Network to Acquire U.S. Private Equity Access Fund Platform from Deutsche Bank
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NEWSLETTERS & ALERTS
Tailwind Behind Canadian Banks
[Photo: Lake Banff in the Canadian Rockies, by Tobias Alt, Tobias 87 own work / Wikimedia Commons]
The mood is very positive at Canada’s 6 biggest banks, namely – (i) Bank of Montreal (BMO); (ii) Canadian Imperial Bank of Commerce (CIBC); (iii) Royal Bank of Canada (RBC); (iv) Toronto-Dominion Bank (TD); (v) Bank of Nova Scotia (Scotia); and, (vi) National Bank of Canada (National Bank).
All the banks posted record earnings that beat Street expectations – largely riding the crest of the buoyant end-of-year capital markets. Corporate finance contributed to the bottom line, as did commercial banking.
So, while European banks seem to be falling farther behind their U.S. counterparts, Canadian banks are keeping up with their ‘southern’ neighbors.