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

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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.

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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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