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- Credit Suisse Fully Compliant on Sanctions: CEO
- Ex-UBS Metals Trader Beats Spoofing Conspiracy Charge
- Investment Advisor, WCAS Management Corp, To Pay Nearly $800K Over Conflicts of Interest
- Altaba, fka Yahoo!, to Pay $35Mn for Failing to Disclose Massive Cybersecurity Breach - SEC
- SEC Formerly Bars Martin Shkreli from Industry
- HF Billionaire Steve Cohen Buying Into Fintech Start-Ups
- Deutsche Bank Is Weighing Massive Cuts in Its U.S. Cash Equities Unit
- Richard Jenrette, Co-Founder of DLJ Investment Bank, Dies at 89
- Goldman Sachs Makes First Hire in Cryptocurrency Markets Unit
- Special FINRA Election to Fill Large Firm Governor Vacancy
- Chicago-Based Investment Adviser Sentenced to 151 Months in Prison - SEC
- Dun & Bradstreet Hit With FCPA Violations - SEC
- SEC Charges Additional Defendant in Fraudulent ICO Scheme
- Warren Buffett Simply Blew it on Wells Fargo Stock: Dick Bove (Video)
- Barclays and Deutsche Bank to Lag U.S. Trading Peers
- NY AG Schneiderman Seeks to Close Loophole That Could Let Trump Pardons Block State Charges
- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
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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.