Buildup in debt poses a long-term risk to banks' operating environment
The firm said it will continue to focus on recruitment and organic growth
Lower provisions for credit losses contributed to the positive result
Government relief diminished the need for banks’ massive loan loss reserves
The bank’s loan loss provisions fell to $496 million compared with $1.85 billion a year ago
The bank's wealth management business earned $165 million, driven in part by fee-based revenues
The bank's Q2 results reflect the underlying strength of its diversified businesses, said TD's CEO
The bank supports recent measures to take pressure off Canada's housing market, said RBC's CEO
The bank beat analysts' expectations by earning $1.65 billion in Q2
The cooperative reported surplus earnings of $798 million before dividends, powered by lower credit loss provisions