A breakdown of the big banks’ third-quarter earnings so far

📆 01-09-23 01:00:00
📰 globeandmail

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The largest banks in Canada – CIBC, TD Bank, BMO, Scotiabank, RBC and National Bank – released their third-quarter financial results this week against a backdrop of loan risks and economic slowdown

that beat analysts’ estimates on a boost in revenue from higher interest rates, even as the lender said that it expects to trim its workforce.

Canada’s largest bank said that its number of full-time employees fell 1 per cent from last quarter, and it expects to further decrease its workforce by 1 per cent to 2 per cent next quarter.

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