
In recent financial reports, major Canadian banks have shown varied performance for the fourth quarter of 2024. The Royal Bank of Canada (RBC) reported a profit of $4.22 billion, exceeding analyst expectations and raising its quarterly dividend by 4.2% to $1.48 per share. RBC's earnings per share (EPS) matched estimates at $12.09, with total sales reaching $57.34 billion, slightly above the expected $57.14 billion. Meanwhile, the National Bank of Canada reported a profit increase driven by a strong wealth management business, narrowly beating expectations as revenue climbed across all segments. The Canadian Imperial Bank of Commerce (CIBC) also surpassed forecasts, reporting a net income of $1.88 billion and an adjusted EPS of $1.91, aided by a decline in credit losses. Conversely, Toronto-Dominion Bank (TD Bank) and Bank of Montreal (BMO) both missed analysts' profit estimates, with TD Bank's earnings affected by weakness in its US business. BMO's EPS was reported at $1.39, below the expected $1.73. Overall, the mixed results reflect the challenges and opportunities facing Canadian banks amid economic pressures.









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Canada's TD Bank quarterly profit falls on US business weakness https://t.co/KiQBdfvwDS https://t.co/CVytXJtHYl
TD Bank and BMO both missed analysts' estimates for quarterly profit, while CIBC surpassed forecasts. Here's why the banks had very different quarters. READ MORE: https://t.co/Gz5CWDs4k3 https://t.co/Gz5CWDs4k3