Following good results for RBC and not such good results for BMO, two more of Canada’s big banks reported their results today.
Following good results for RBC and not such good results for BMO, two more of Canada’s big banks reported their results today. Toronto-Dominion announced that despite revenue and earnings increasing, it is expecting 2015 to create some challenges. Its fourth-quarter profits were weaker than expected with earnings of 98 cents per share against a forecast of $1.05. Meanwhile at CIBC there were record adjusted profits for Q4 of $911 million. Earnings per share came in at $2.24 after adjustments, a cent lower than expected. CIBC also announced that John Manley will become its chairman next April.
