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Financials News

Why profit beats don’t tell the whole story for Canada’s big banks
Many investors will say, the banks have shown they can ‘earn through’ a challenging macro environment. A closer look, however, shows most of them are, in fact, showing signs of strain from the sluggish economy.
Posted on 8-28-2015 at 1:43 PM
Banks defend mortgage verification after Home Capital fraud allegations
Some of Canada's biggest banks are defending their verification practices for mortgage applications in light of recent news that mortgage lender Home Capital Group Inc. cut ties with dozens of brokers over fraud allegations.
Posted on 8-28-2015 at 8:42 AM
Scotiabank tops estimates, latest big Canadian bank to beat Street
Scotiabank's CFO is confident in the bank's ability to continue raising its dividend amid sluggish economic growth in Canada. This, after the bank was the fifth of Canada’s big five to top Street estimates this week.
Posted on 8-28-2015 at 7:23 AM
TD's CFO says the bank can withstand low oil prices
Colleen Johnston said Canada’s second-biggest lender is well positioned to withstand the pressures of low oil prices.
Posted on 8-27-2015 at 7:40 PM
Toronto-Dominion profit rises to record led by Canadian banking
Toronto-Dominion Bank said fiscal third- quarter profit rose 7.5 percent on higher earnings from Canadian retail banking and capital markets.
Posted on 8-27-2015 at 7:33 AM
CIBC boosts payout, unveils buyback as profit rises 6%
CIBC's third quarter profit rose to $978-million, up more than 6 per cent from last year. The bank also raised its dividend, marking the fourth consecutive quarterly hike.
Posted on 8-27-2015 at 7:24 AM
National Bank profit rises 3%, keeps dividend unchanged
National Bank of Canada reported that its profits in the third quarter rose to $453-million, up 3 per cent from last year.
Posted on 8-26-2015 at 8:12 AM
RBC profit rises to $2.4B, boosts payout as earnings hit record
Royal Bank of Canada will be raising its dividend to shareholders following a third-quarter profit of nearly $2.5 billion that included record-high earnings from its Canadian banking arm.
Posted on 8-26-2015 at 10:10 PM

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