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.
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
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