Weekly Blog Round: Bank Earnings


Canadian BanksIt’s bank earnings time. Since I own a good number of them and many were (and are again) Canadian Dividend Aristocrats, I stay tuned to their earnings.

  • BMO earnings were on February 28 and their new U.S. purchase, Marshall & Ilsley, appear to have done well helping them increase their profits by 34%. Still no dividend increase though …
  • RY earnings were on March 1 and although they rewarded investors with a 6% dividend increase, their net income was lower than last year.
  • TD earnings were also on March 1 and they also generously increased their dividends by 6% amid mixed numbers.
  • NA earnings were also on March 1 and they reported excellent results. No dividend increase as of yet but considering they rewarded investors twice last year, there is still hope.
  • BNS earnings will be on March 6. What do you think is in store? A dividend raise?
  • CM earnings will be on March 8. What about CIBC, they did increase their dividends last year. We might see them getting back on the annual increase.

Worthy Readings

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Have a nice weekend!

Image: Graeme Weatherston / FreeDigitalPhotos.net




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