More than half (52%) of executives in the Canadian financial services sector believe that cybercrime is likely to be the most disruptive economic crime over the next two years, finds a report by PwC Canada. Read: BoC warns of risks for clients with mortgages But despite the heightened awareness of cyber risks, banks still face […]
TD Bank’s adjusted earnings came in ahead of analyst estimates Thursday, rising 15% from the year-earlier period after excluding the impact of U.S. tax reform and other items. The Canadian lender had $2.946 billion, or $1.56 per share, in adjusted diluted earnings per share for the fiscal first quarter ended Jan. 31. That was above […]
Only one-third of these customers (33%) recall receiving advice from their banks.
The bank also hiked its dividend as it reported a profit of $3 billion
Scotiabank’s deal to acquire independent investment firm Jarislowsky Fraser for $950 million is part of the bank’s strategy to move beyond retail investing, one of the bank’s executive says. Almost 80% of Scotiabank’s business has been in retail investing, with the rest split between institutional and private investment counsel, Glen Gowland, Scotiabank’s senior vice-president and […]
Deutsche Bank posted a 2017 loss of 497 million euros (US$627 million) on Friday
Goldman Sachs posted a US$1.93-billion loss in the fourth quarter, the investment bank said Wednesday, as the bank had to record more than US$4 billion in charges related to the new tax law. It was the bank’s first quarterly loss in more than six years. (All figures are in U.S. dollars.) Goldman had a net […]
RBC Global Asset Management Inc. has announced January 2018 cash distributions.
Canada’s banks were on a tear in the latter half of 2017. Will that continue?