Canadian banks post good earnings in Q3

Stocks for the Big Six are trading at modest discounts.

Eric Compton 31 August, 2018 | 5:00PM

 

 

Eric Compton: The big six Canadian banks reported third quarter earnings which were, on the whole, good once again. Adjusted earnings per share growth was 11% on average, credit quality remained excellent, and overall management outlooks have not waivered.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Montreal95.70 CAD-1.59
Bank of Nova Scotia72.50 CAD0.03
Canadian Imperial Bank of Commerce107.07 CAD0.99
National Bank of Canada73.09 CAD-0.46
Royal Bank of Canada103.97 CAD-2.12
The Toronto-Dominion Bank73.10 CAD-0.53

About Author

Eric Compton

Eric Compton  Eric Compton is an equity analyst for Morningstar,