Royal Bank of Canada opened the week of Canadian bank results with a stronger-than-expected third quarter, posting adjusted earnings of C$3.84 a share versus analysts’ C$3.25 estimate. Net income rose 19 percent to C$5.4 billion on revenue of C$16.99 billion, lifted by double-digit growth in capital-markets income and continued strength in personal and commercial banking. The country’s largest lender ended the quarter with a Basel III common-equity Tier 1 ratio of 13.2 percent and said it expects net-interest income to grow in the “mid-thirties” percent range in fiscal 2025. Toronto-Dominion Bank and Canadian Imperial Bank of Commerce wrapped up earnings season on a similarly upbeat note. TD reported adjusted earnings of C$2.20 a share, handily topping the C$2.05 consensus, as Canadian retail banking delivered record revenue and loan-loss provisions fell to C$971 million. CIBC earned C$2.16 a share on an adjusted basis against C$2.00 expected, buoyed by a 17 percent profit jump in its domestic unit; the bank also announced plans to repurchase up to 20 million common shares. Earlier in the week, Bank of Montreal and Bank of Nova Scotia also outperformed, with adjusted earnings of C$3.23 and C$1.88 per share respectively. Collectively, the five lenders benefited from resilient household demand, wider net-interest margins and lower-than-forecast provisions for credit losses, offsetting lingering uncertainties around U.S.-Canada trade tensions and higher capital requirements. Analysts noted that capital positions remain robust—TD’s CET1 ratio is 14.8 percent and BMO’s 13.5 percent—giving the banks capacity to return cash to shareholders and pursue targeted growth even as they remain cautious on loan growth tied to sectors exposed to ongoing tariff negotiations.