Canadian Banks Report Good Q3 Results

TD, BMO, Scotia, RBC, CIBC and National Bank have reported third quarter results - and all are above estimates.

Ruth Saldanha 26 August, 2021 | 8:35AM
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Canadian Bank Logos 

Canadian banks report earnings this week, starting with Bank of Nova Scotia and Bank of Montreal on Tuesday, Royal Bank of Canada and National Bank of Canada on Wednesday, and Toronto Dominion Bank on Thursday. The numbers so far have come in above expectations, despite fears of the Delta Variant of the coronavirus causing some concerns about performance earlier.

Here is what our analysis of the results so far.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Montreal128.48 CAD0.08Rating
Bank of Nova Scotia78.34 CAD0.00Rating
Canadian Imperial Bank of Commerce116.19 USD-0.51Rating
National Bank of Canada98.50 CAD0.44Rating
Royal Bank of Canada129.16 CAD-0.31Rating
The Toronto-Dominion Bank82.50 CAD0.00Rating

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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