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- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
- Wildfire Rages Near Los Angeles
- Former Company Insider Has $4.1Mn Payday as a Whistleblower
- Audit Firm, Anton & Chia, Conducted Fraudulent Audits of Penny Stock Companies - SEC
- Mueller Subpoenas Deutsche Bank Records on Trump and Family
- Bitcoin Nearly Halfway to $400Bn Value Predicted by Winklevoss Twins 4 Years Ago
- Fidelity Clients Suffer Second Website Glitch in Week
- CBOE Beats CME to Bitcoin Futures Launch with December 10 Start
- McKinsey Senior Exec Thomas Barkin Named New Head of Federal Reserve Bank of Richmond
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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.