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Posts Tagged ‘loan losses’

TD Profits up 29%

Thursday, September 2, 2010, 10:29
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TD Bank has released their third quarter report, and has noted that their profits grew 29% in the third quarter to $1.18 billion, narrowly missing expectations. These results, which were released today were equivalent to $1.29 per diluted share for the quarter, and compare to a net income of $912 million in the same period a year ... Full story

Tags: adjusted basis, analyst expectations, bond trading, branch networks, credit losses, diluted share, dorrance, earnings per share, economic uncertainty, favorable conditions, financings, loan losses, quarter earnings, quarter report, retail clients, share revenue, stock markets, tates, wholesale banking

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

Scotiabank de Puerto Acquires R-G Premier Bank

Monday, May 3, 2010, 8:03
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Scotiabank de Puerto Rico has announced an acquisition that will allow the Bank to grow decisively in the Puerto Rican market. The Federal Deposit Insurance Corporation (FDIC) has confirmed that Scotiabank de Puerto Rico will acquire the banking operations, which includes the customer deposits, of R-G Premier Bank of Puerto Rico. Under the terms of the transaction, ... Full story

Tags: assets, bank customers, banking operations, consolidation, customer deposits, earnings, fdic, federal deposit insurance corporation, Insurance, loan losses, Loans, puerto rican, puerto rico, seamless transaction

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

Bank of Montreal Profit Rises 16%

Tuesday, November 24, 2009, 10:02
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Bank of Montreal (BMO) has releases its latest quarterly report and it has been said that their latest quarterly profit has risen 16% from the year earlier levels as revenue increased, provisions for loan losses reduced and its Canadian operations have showed strong profit growth. BMO is the first of Canada’s big banks ... Full story

Tags: analyst estimates, Bank of Montreal, BMO, business unit, canadian operations, chief executive officer, credit losses, downe, fourth quarter, loan losses, net income, provisions, quarterly report

CIBC: Credit Losses Expected to Ease

Tuesday, September 22, 2009, 10:37
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Canadian banks are set to enjoy lower credit losses on their credit card businesses in the next year once the economy continues to improve and the unemployment rate stabilizes notes Gerry McCaughey, chief executive officer of the Canadian Imperial Bank of Commerce (CIBC). He also suggests that there is a good chance that ... Full story

Tags: big six, canadian imperial bank of commerce, canadian unemployment, card portfolio, chief executive officer, consumer loans, credit card business, credit card businesses, credit losses, delinquencies, loan losses, mccaughey, profit margins, unemployment rate

Canada’s Big Banks Have Positive Outlook for the Future

Thursday, September 17, 2009, 7:58
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Canadian Banks, particularly the larger ones were basking in their strong third quarter performance which came about despite the global financial crisis in which score from other financial institutions around the world crashed. In Toronto, we see many senior executives declaring the gains banks made as they look forward to some of the opportunities brought about by ... Full story

Tags: Bank of Montreal, biggest banks, canadian banks, canadian imperial bank of commerce, global financial crisis, global meltdown, gordon nixon, loan losses, quarter earnings, quarter performance, quarter profits, Royal Bank of Canada, scotia capital, toronto dominion bank

CIBC Third-Quarter Profits Improve

Wednesday, August 26, 2009, 10:50
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Canadian Imperial Bank of Commerce (CIBC) has noted that its third-quarter profits has highly improved over year earlier levels, however it still fell short of analyst expectations. CIBC reported net earnings of $434 million or $1.02 per share for the quarter that ended July 31st. This is up sharply from the profits of ... Full story

Tags: canadian imperial bank of commerce, CIBC, credit derivatives, earnings figure, earnings per share, financial performance, loan losses, market losses, quarter profits, quarterly dividend, quarterly revenue

Banks Trying to Not Lose as Much Profit

Tuesday, May 26, 2009, 7:30
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Bank shareholders shouldn't be that worried since Canadian bank stocks have rebounded since March. Banks though are facing another tough decision in their 2009 fiscal year. Banks need to keep rolling out loans in order to turn create more money. But at the same time the banks need to clean up ... Full story