TD Bank is closing out this round of big bank earnings with a beat
at $2.23 earnings per share, against an estimate of $2.20. It was the bread-and-butter Canadian personal and commercial side of things that drove the bus, with net income up seven per cent and revenue 17 per cent higher. The flies in the ointment seem appropriate for this odd quarter for the banks – that Canada Recovery Dividend bit again to the tune of $585 million, and the bank confirmed it’s in talks to extend the closing date of its US$13.
Flipside, shares of Salesforce are up 16 per cent after the company topped expectations across the board and delivered a stronger-than-expected forecast. Indigo isn’t going to play ball with ransomware attackers, according to a report in The Globe and Mail. That attack has knocked out its website, and threatened sensitive information.Notable data: Real Estate Board of Greater Vancouver home sales, U.S. Initial Jobless Claims, U.S. Productivity,
Notable earnings: TD Bank, Canadian Western Bank, Costco Wholesale, Turquoise Hill Resources, Pizza Pizza Royalty, Athabasca Oil, Macy’s, Best Buy, Kroger, Sleep Country Canada, Broadcom, Victoria’s Secret, Nordstrom, Parkland, Major Drilling
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