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Posts Tagged ‘BMO’

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

Banks Lower Mortgages

Tuesday, August 17, 2010, 9:18
Budgeting, Carousel, Finance, Mortgages
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Five of Canada’s major banks have reduced their mortgage rates by one tenth of a percentage point. The popular five year closed mortgage rate will not sit at 5.49% annually at the Royal Bank of Canada (RBC), Bank of Montreal (BMO), Scotiabank, Canadian Imperial Bank of Commerce (CIBC) and National Bank of Canada (NBC). RBC took the ... Full story

Tags: Bank of Montreal, BMO, bond markets, canadian banks, canadian imperial bank, CIBC, fixed mortgages, imperial bank of commerce, Mortgage Rates, national bank of canada, prime rates, rbc bank, Royal Bank of Canada, Scotiabank, silver linings, td bank, variable rate mortgage

BMO Announces Spend & Payment Alliance

Wednesday, August 11, 2010, 8:56
Carousel, Credit Cards
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BMO Spend & Payment Solutions, a division of BMO Financial Group, has announced an alliance with IBM’s Managed Business Process unit, which has the goal to help joint clients control business travel and expense management costs, drive process and policy transformation, and improve compliance with corporate spend policies. This partnership will benefit ... Full story

Tags: BMO, breakdowns, business process, card solutions, control business, corporate cards, corporate travel managers, diners club, expense data, expense management, financial group, global acceptance, global expense, management costs, payment solutions, reporting solution, solutions approach, specifics

Banks Decrease Mortgage Rates

Saturday, August 7, 2010, 8:23
Carousel, Finance, Mortgages
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This week we saw big banks make adjustments to their mortgage rates. The banks which I will be focusing on is the Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), Toronto Dominion Bank (TD) and National Bank of Canada (NBC). The rate adjustments made were decreasing certain mortgages; these decreases ranged from 0.10% - 0.30%. ... Full story

Tags: ample time, Bank of Montreal, BMO, canadian imperial bank, canadian imperial bank of commerce, CIBC, fixed mortgage, home buying season, housing sales, imperial bank of commerce, mortgage rate, national bank of canada, overnight rate, pre approved mortgage, rate adjustments, residential mortgage rates, toronto dominion bank

BMO Survey Reveals Why Canadians Are Not Saving for Retirement

Thursday, July 29, 2010, 9:22
Carousel, Finance, Retirement
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A recent report from the BMO Retirement Institute has found the reason Canadians procrastinate when it comes to retirement planning. The report found that despite having almost 90% of Canadians feel retirement planning should begin early, 40% of non-retirees have done little to nothing to prepare for the day they ... Full story

Tags: amount of money, BMO, canadians, debt reduction, decision making, obstacle, priority, psychology, respondents, retirement institute, retirement savings, saving for retirement, strategic counsel

Banks and Businesses Open Despite Saturday’s Events

Monday, June 28, 2010, 9:53
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After the events of the G20 summit, Canada’s big banks are almost ready for normal business in Toronto’s downtown core. Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), and Scotiabank have all reported that all of their bank branches will be open today. A TD Canada Trust branch located ... Full story

Tags: acts of violence, bank branches, Bank of Montreal, BMO, canada trust branch, canadian imperial bank of commerce, CIBC, g20 summit, independent businesses, large corporations, Royal Bank of Canada, Scotiabank, td canada trust

Bank Decrease Residential Mortgage Rates

Friday, June 25, 2010, 9:03
Carousel, Finance, Mortgages
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Today we have major banks making adjustments to their residential mortgage rates, which will take effect June 25th, 2010. The adjustments made today is decreasing mortgage rates by 0.10%, which is somewhat of a surprise seeing as the Bank of Canada recently increased the overnight rate by 0.25% to 0.50%. The banks, which have made this change, ... Full story

Tags: Bank of Montreal, banks, bidding wars, BMO, homebuyers, housing market, overnight rate, prospective buyers, RBC, residential mortgage rates, Royal Bank of Canada, school year, TD, toronto dominion bank

Canadian Banks Increase Prime Lending Rate

Wednesday, June 2, 2010, 8:23
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Just yesterday, we saw the Bank of Canada increase its overnight rate by 0.25%, making the rate settle at 0.50%. We all expected to see the Bank of Canada do this, seeing as they stated last month that they can increase the rate at anytime starting June 1st, 2010. With this turn of events, Canadian banks ... Full story

Tags: Bank of Montreal, bank of nova scotia, BMO, canadian banks, canadian imperial bank, canadian imperial bank of commerce, cibc national bank, fixed mortgage, Mortgage Rates, national bank of canada, overnight rate, prime lending rate, Royal Bank of Canada, short term loans, term mortgage, toronto dominion bank

RBC and BMO Decrease Mortgage Rates

Friday, May 21, 2010, 8:55
Carousel, Finance, Mortgages
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Royal Bank of Canada (RBC) is lowering its rate for its five year mortgages, making this the second reduction for the month. RBC has decreased its five year mortgages by about one-tenth of a percentage point to 5.99%. At the beginning of the month, the five year mortgage rate started at 6.25%, but it was lowered 15 points ... Full story