With more bank earnings to come, this analyst says TD is his top pick

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

With Canada’s big six banks in the midst of reporting their latest quarterly results, one analyst suggests the top bank has already reported.

Scotiabank and the Bank of Montreal are set to report earnings for the third quarter on Tuesday. National Bank of Canada’s results are expected Wednesday, while CIBC is due to report on Thursday.

Last Thursday, TD reported earnings had dragged for its quarter ending on July 31, as it set aside more money to prepare for troubled loans. The bank’s deal to purchase Tennessee-based First Horizon Corp. collapsed back in May after it failed to receive the regulatory approvals in time. concerning its compliance with anti-money laundering rulesRegan said the investigation may put the bank in the “penalty box” for about a year when it comes to looking at U.S.

“I still think the banks that we may have sold off and switched into – Royal Bank – they’ll still do fine in the next two to three years.”

 

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

 /  🏆 83. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Canadian banks face squeeze between climate expectations, market pressuresWhile banks recognize that Canadians are living through a wildfire season like no other, activists say they aren't delivering where they're most needed: on efforts against the climate change trends making the infernos worse.
Source: CTVNews - 🏆 1. / 99 Read more »

Canadian banks face squeeze between climate expectations, market pressuresAsked directly whether they were adjusting climate plans in light of the record-breaking wildfires and global heat, Canada’s biggest banks largely stuck to their established messages
Source: globeandmail - 🏆 5. / 92 Read more »

Canadian banks face squeeze between climate expectations, market pressuresTORONTO — In May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
Source: SooToday - 🏆 8. / 85 Read more »

Canadian banks face squeeze between climate expectations, market pressuresIn May, Canadian banks offered support to those affected by an early wave of wildfires in Alberta. In June, they extended the offer to those hit in Nova Scotia, and some expanded it further as fires also raged in Quebec and Ontario.
Source: timescolonist - 🏆 15. / 75 Read more »