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Canadian Imperial Bank of Commerce exceeded estimates for first-quarter profit on Thursday, driven by gains in its domestic personal and business banking unit that offset a blow from higher provisions it set aside for potential bad debts. Although higher interest rates have slowed demand for bank loans, they have helped …
Read More »Scotiabank beats profit estimates on interest income strength, BMO misses – National
Descrease article font size Increase article font size Canada’s Bank of Nova Scotia on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while Bank of Montreal (BMO) fell short of expectations due to bigger loan-loss provisions. A string of rate hikes by the Bank of …
Read More »Canadian banks set to report Q1 earnings as slowdown expected ahead – National
Canadian bank stocks have been riding a wave of investor optimism so far this year, but analysts say the first-quarter results that start arriving later this week will be a reminder of the mixed economic picture ahead. On the positive side are the signs of easing inflation and job reports …
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