TORONTO — The effects of heightened inflation and central bank efforts to rein it in by slowing the economy are showing in the second-quarter results from Canada’s big banks. Four out of the Big Five banks have reported earnings that missed expectations as they set aside more money for bad loans and struggle to contain rising costs, and several see their revenue take a hit from slower loan growth. CIBC was the lone outlier as its results Thursday came in better than analysts had expected. While
— Read on ca.finance.yahoo.com/news/td-bank-group-reports-q2-111707633.html
Tag: Banks
Biggest Bank Failures: 3 Financial Stocks to Avoid Now | Seeking Alpha
Shares of regional banks plummet following JPMorgan’s (JPM) acquisition of First Republic Bank (FRC). Click here for 3 regional banks to avoid.
— Read on seekingalpha.com/article/4599325-3-bank-failures-bigger-than-2008-stocks-sell-stand-out-with-quant
Canadian Banks Could Raise Payouts 18% While Buying Back Stock
(Bloomberg) — Canada’s six biggest banks could raise their dividends by about 18% on average and still be able to buy back almost 2% of their shares now that regulators are allowing them to unleash capital they’d stockpiled during the pandemic. Most Read from BloombergResults on Key Ballot Initiatives, From Policing to the EnvironmentChina’s Climate Goals Hinge on a $440 Billion Nuclear Buildout‘Airbnb Queen’ Says She’s Caught Up in Platform’s New York FeudSupply Chain Crisis Risks Taking the G
— Read on ca.finance.yahoo.com/news/canadian-banks-could-raise-payouts-135737207.html
Central bank digital currency is the next major financial disruptor
Led by countries as large as China and as small as the Bahamas, digital money is drawing stronger interest.
— Read on www.cnbc.com/2021/04/19/central-bank-digital-currency-is-the-next-major-financial-disruptor.html
Infographic: Where Do the World’s Banks Make the Most Money?
Last year, the global banking industry cashed in an impressive $1.36 trillion in profits. Here’s where they made their money, and how it all breaks down.
— Read on www.visualcapitalist.com/where-worlds-banks-make-money/
Canada’s banks to improve from COVID quarter — but it’s still bad – BNN Bloomberg
Canada’s banks to improve from COVID quarter — but it’s still bad – BNN Bloomberg
— Read on www.bnnbloomberg.ca/canada-s-banks-to-improve-from-covid-quarter-but-it-s-still-bad-1.1483120
Biggest U.S. banks set for worst quarter since financial crisis – BNN Bloomberg
Biggest U.S. banks set for worst quarter since financial crisis – BNN Bloomberg
— Read on www.bnnbloomberg.ca/biggest-u-s-banks-set-for-worst-quarter-since-financial-crisis-1.1463399
U.S. bank dividends in peril with crisis veterans warning of trouble – BNN Bloomberg
U.S. bank dividends in peril with crisis veterans warning of trouble – BNN Bloomberg
— Read on www.bnnbloomberg.ca/bank-dividends-in-peril-with-crisis-veterans-warning-of-trouble-1.1455438
Banks have grown by $2 trillion in deposits since coronavirus first hit
The wall of money flowing into banks has no precedent in history: in April alone, deposits grew by $865 billion, more than the previous record for an entire year.
— Read on www.cnbc.com/2020/06/21/banks-have-grown-by-2-trillion-in-deposits-since-coronavirus-first-hit.html
‘Big Short’ Steve Eisman likes the big US banks after coronavirus sell-off
“I actually think long-term the best cyclical play out there are the very large banks,” said Steve Eisman, senior portfolio manager at Neuberger Berman.
— Read on www.cnbc.com/2020/04/23/big-short-steve-eisman-likes-the-big-us-banks-after-coronavirus-sell-off.html