EQ Bank-owner shares surge as it reports earnings rise in Q3 results

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

The 12-per-cent jump came as the bank reported record third quarter earnings of $77.6-million, up from $72.5-million for the same quarter last year

The jump came as the bank reported record third quarter earnings of $77.6-million, up from $72.5-million for the same quarter last year.

The bank benefited on the margins with a strategy of being more nimble and responsive to rising interest rates, he said.The bank, which last week closed a $495-million takeover of Concentra Bank, saw its share close up $5.55, or 12.24 per cent, to $50.88 on the Toronto Stock Exchange on a day that saw markets generally down.

Analysts had been expecting adjusted earnings of $2.11 per diluted share, according to financial markets data form Refinitiv.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Banks making trillions off people in debt due to high inflation, high interest rates, high natural gas, high cost of living! Couldn’t make that s**t up JustinTrudeau

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Canada interest rate hike adds pressure to tight rental marketPrices for rentals \u0027getting out of control\u0027 even as housing market
Source: financialpost - 🏆 7. / 85 Read more »