Particle.news
Download on the App Store
20 ARTICLES
·
last wk.

Canada’s Big Banks Beat Q4 Forecasts on Capital‑Markets and Wealth Strength

Dividend increases reflect fee strength in trading and wealth despite higher provisions.

National Bank of Canada says it has completed its acquisition of Canadian Western Bank. A National Bank sign is seen on May 30, 2016 in Montreal. THE CANADIAN PRESS/Paul Chiasson
Des passants longent l'Édifice de la Banque Royale, à Montréal, le jeudi 19 juin 2025. LA PRESSE CANADIENNE/Christopher Katsarov
A person makes their way past a Toronto-Dominion Bank in the Financial District of Toronto, Monday, Aug. 14, 2023. THE CANADIAN PRESS/Spencer Colby
Image

Overview

  • Toronto-Dominion beat adjusted profit expectations as reported earnings fell on restructuring and anti‑money‑laundering remediation charges, with U.S. assets at US$382 billion versus a US$434 billion cap and a final remediation charge of $125 million expected in early 2026.
  • Royal Bank’s profit rose 29% to $5.4 billion and it lifted its dividend to $1.64 per share while raising its return‑on‑equity target to at least 17%.
  • National Bank topped estimates, increased its dividend to $1.24, set a 17% ROE goal by 2027, and highlighted integration progress on Canadian Western Bank alongside a deal to acquire Laurentian Bank’s retail, SME and syndicated loan books.
  • CIBC posted a 16% profit increase to $2.2 billion, raised its dividend to $1.07, and reported a 58% jump in capital‑markets profit with U.S. commercial and wealth earnings up 35%.
  • BMO exceeded adjusted earnings forecasts, boosted its dividend to $1.67, reported sharply higher capital‑markets profit and improving U.S. credit trends, while Scotiabank edged past estimates despite a restructuring charge and higher loan‑loss provisions.