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RBC Posts 18% Profit Loss

Thursday, August 26, 2010, 10:50
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Royal Bank of Canada (RBC) did not meet analyst expectations as it reported an 18% drop in the third quarter net income, due to a major drop in profits from its capital markets division. Canada’s largest bank has earned $1.28 billion in the quarter that recently ended, however it is down from the record $1.56 billion earned ... Full story

Tags: analyst expectations, Bank of Montreal, bank subsidiary, banking sector, BMO, canadian imperial bank, canadian imperial bank of commerce, CIBC, credit crisis, credit losses, firstcaribbean international bank, loan losses, mccaughey, personal lending, quarter revenue, quarterly dividend, regulatory environment, third quarter results

CIBC Reports Increase in Profits

Wednesday, August 25, 2010, 10:00
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Canadian Imperial Bank of Commerce (CIBC) has released their third quarter results, and it shows an increase in profits from the same period a year ago. This increase in profits is all thanks to strong gains seen in its personal and business banking divisions and shrinking provisions for bad loans. CIBC has ... Full story

Tags: analyst expectations, Bank of Montreal, bank subsidiary, banking sector, BMO, canadian imperial bank, canadian imperial bank of commerce, CIBC, credit crisis, credit losses, firstcaribbean international bank, loan losses, personal lending, quarter revenue, quarterly dividend, third quarter results

Canada’s Growth Surpasses G7

Thursday, April 8, 2010, 8:45
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The Canadian dollar has stayed just below parity despite having a good report on the nation’s economy from an international group and signs that the Unites States is unlikely to raise interest rates. The Organization for Economic Development and Co-operation (OECD) noted that Canada’s economy is likely ... Full story

Tags: Bank of Canada, Bank of Montreal, banking sector, BMO, canadian dollar, economic development, economists, first quarter, fiscal position, g7 bank, g7 nations, interest rates, international group, oecd, parity, recession, second quarter

Canada’s Biggest Banks Earn $5.09B in First Quarter

Wednesday, March 10, 2010, 9:37
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Canada’s five biggest banks saw their profits rise by almost two-thirds in the first quarter of 2010, compared to the same period last year when the recession had taken root and any earnings were taken away. The banks have earned a combined total of $5.09 billion in the three months that ended on January 31st; compared to ... Full story

Tags: Bank of Montreal, banking industry, banking sector, biggest banks, BMO, canadian imperial bank of commerce, CIBC, credit crisis, loan losses, RBC, recession, Royal Bank of Canada, service analyst, toronto dominion bank

Scotiabank Quartely Profit Triples

Tuesday, December 8, 2009, 9:52
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The Bank of Nova Scotia saw its fourth quarter net income nearly from the same period last year, which its profit was eroded by several accounting provisions. Scotiabank is the last of Canada’s “Big Six” to report its fourth quarter results, and has noted that its net income was $902 ... Full story

Tags: accounting provisions, bank of nova scotia, banking sector, big six, business line, credit losses, earnings per share, foreign currency translation, global economic conditions, residential mortgages, revolving credit, scotia capital, Scotiabank, tax charges

CIBC Named to Dow Jowns Sustainability Index

Friday, September 18, 2009, 8:58
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Central Imperial Bank of Commerce (CIBC) announced on September 15th that for the 8th consecutive year it has been selected as a member of the Dow Jones Sustainability World Index (DSJI). The DSJI identifies leading companies for investments; this is done by assessing the quality of a company’s strategy, management and performance in ... Full story

Tags: banking sector, carbon disclosure project, CIBC, corporate responsibility, dow jones, dow jones sustainability, dow jones sustainability world index, financial institutions, governance metrics international, imperial bank of commerce, social developments

Bank of Canada Warns That A Strong Loonie Poses a Threat

Wednesday, September 16, 2009, 5:17
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The Canadian dollar jumped more than 1 US cent today, even when the Bank of Canada sent out a warning concerning the loonie’s persistent strength the day before. The loonie reached a mid day high of 93.36 cents US before closing at 93.34 cents, which makes it up 1.05 cents US. This is a considerable jump from Monday’s ... Full story