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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- Four of the Big Six banks have now reported for the fiscal Q4 after today’s earnings from CIBC, RBC and TD.
- RBC and CIBC have seen adjusted EPS beats, Scotia and TD misses (table below).
- Scotia’s on Tuesday was most notable as higher potential credit loss provisions played a large role.
- Today’s credit loss provisions have been mixed, with CIBC lower than expected but RBC and TD exceeding expectations – see below.
- BMO and National report tomorrow.
Provision for credit losses (figures from Bloomberg):
- CIBC: C$541M vs est C$559.9M.
- RBC: C$720M vs est C$662.6M
- TD: C$878M vs est C$844.5M
- Scotia: C$1.26B vs est C$870M (from Tue)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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