Canada's TD Bank posts 6.7% rise in quarterly profit
26 Mai, 2019, 00:08 | Auteur: Auguste Feret
Chief executive David McKay expressed confidence in the housing market and the domestic economy, in spite of record levels of household debt among Canadians late a year ago and a "softened" gross domestic product.
Smaller rival CIBC on Wednesday missed quarterly profit estimates.
The Royal Bank of Canada (RBC) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. On a post-earnings call with analysts, bank executives said that some of their oil and gas clients had come under pressure due to a fall in crude prices.
Provisions for credit losses in the quarter totalled $633 million, up from $556 million a year ago.
RBC shares were down 2.4%, while TD shares rose 2.2%, helped by a stronger earnings beat, and relative share price underperformance ahead of the earnings.
Since July 2017, the Central Bank of Canada has raised key interest rates five times, while the U.S. Federal Reserve has increased rates six times.
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The team found that poor diets may have been behind around 5.2-percent of new invasive cancer cases in adults in 2015. They make up more than 50% of the United Kingdom diet, and more of the developing world is starting to eat this way.
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The Sun , as quoted by Metro , is reporting that the Manchester United boss is eager to get deals wrapped up as soon as possible. The extended time is supposed to give the club additional time to extend his contract, however, de Gea is in no mood to comply.
Interest rate hikes in Canada and the United States, where the bank has a presence, have boosted Canadian lenders' net interest margins in recent quarters.
At RBC, total loans rose around 9%, while at TD, they rose 3%, with all home, personal and business loans showing growth.
Residential mortgage loan growth has been a focus for investors following stringent regulatory changes that require borrowers of uninsured mortgages to be stress-tested to check their ability to repay.
Adjusted net income available to shareholders rose to $3.16-billion, or $2.23 per share, in the second quarter ended April 30, from $2.98-billion, or $2.10 per share, a year earlier. "Trade tariffs are expected to temper GDP growth, however the underlying fundamentals of consumer spending and business investment remain favourable", he said.
Trading rose at RBC on "improved market conditions and increased client activity", while it fell at TD due to "challenging market conditions and reduced client activity". Compared to last quarter, net income was up $58 million with higher earnings in Capital Markets, partially offset by lower earnings in Personal & Commercial Banking, Wealth Management, Insurance, and Investor & Treasury Services.
Analysts had expected Canada's biggest lender by market cap to report earnings per share of $2.17, according to Refinitiv IBES data.
There's going to be days and weeks where it's just not going to work, and today was one of those days". Even in the immediate aftermath of that disappointment, he had his eye on Pebble Beach and the U.S.
Toute personne manifestant dans la zone d'interdiction s'exposera à une contravention de 4e classe, soit 135 € d'amende. A Nantes , les " gilets jaunes " manifestaient avec les syndicats et la Marche pour le climat.
Pour rappel la chroniqueuse de la 7Tv, avait soutenu que le viol est plus fréquent chez les familles Pulaar, lors d'une émission. D'après nos informations, elle doit déférer à la convocation ce samedi dans la matinée.
It is understood that each club gets a minimum of £12,198,828 for live TV games - even if they are on TV fewer than ten times. Further analysis shows that Huddersfield Town carted away £96.6 million for the period and the lowest among the 20 EPL clubs.
Annoncé très proche du Real Madrid depuis plusieurs jours, Eden Hazard pourrait finalement être bloqué par Chelsea . Des négociations qui s'avèrent difficiles et compliquées pour les Merengues, bien qu'ils restent confiants.
The ban applies to goods that have 25 per cent or more of US-originated technology or materials and may affect non-American firms. In its statement, the company said it had "engaged with the USA government regarding all of this since last October".
The Bulls are set to host Louisville, North Carolina State and Western Kentucky, while traveling to Alabama. USF and Alabama have met once previously with the Tide winning, 40-17, in Tuscaloosa on August 30, 2003.
Although the General Assembly resolution is not legally binding , it does carry some weight in worldwide politics. In 2017, only 15 countries including Britain and the United States voted to oppose a request for the ICJ ruling.
As for Indy's next film outing, Indiana Jones 5 is set to come out in 2021 with Ford and Steven Spielberg reuniting. It's a good thing, however, that Ford is up for reviving his character. " George Lucas is working on an idea now".
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The capital investment by FCA in Detroit and Warren is unlike anything Southeast Michigan has seen in a generation, Mason said. He did shed some more light on his deal with the Morouns, which he said he knew would be tough from the get-go.
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The embattled body is also free to organise the boxing events at Continental Games which will be held across the world this year. The IOC will develop a new calendar for the Olympic qualifiers, which will take place between January and May 2020.
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The future Hall-of-Famer said that Keith Thurman's boasting isn't new to him since he's been in the sport for over two decades. The unbeaten Floridian has helped kick off the PBC model in primetime on NBC, ESPN and CBS in growing as a favorable TV draw.