Morgan Stanley's wealth management arm also had a solid quarter
Higher interest rates and lower corporate taxes were the main factors
Earnings up for JPMorgan, Wells Fargo and Citigroup
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The bank ends a bullish earnings season with a $3.1-billion profit
Laurentian Bank of Canada’s net income was virtually flat in the third quarter compared with last year at $54.9 million, as the company recorded acquisition-related costs and other expense increases that offset 5% higher revenue. The Montreal-based company’s net income per share amounted to $1.23, which was down from $1.48 per share or $54.8 million […]
National Bank has reported an increase in third-quarter profit of 10% year over year, with growth across all business segments. The bank’s net income for the quarter ended July 31 was $569 million, up from $518 million from the same quarter last year. The quarter’s diluted earnings per share were $1.52 compared to $1.37 in the third quarter […]
BMO Financial Group topped expectations for its third-quarter results, boosted by strength in its U.S. operations. The bank said Tuesday it earned $1.54 billion for the quarter ended July 31, up from $1.39 billion in the same quarter a year ago. The profit amounted to $2.31 per share for the quarter, up from $2.05 per […]
Scotiabank raised its dividend even as it reported its third-quarter profit slipped compared with a year ago, partially due to a hit from acquisition-related costs. The bank said Tuesday it will raise its quarterly dividend by three cents to 85 cents per share. The increase came as Scotiabank reported a third-quarter profit of $1.94 billion or […]
The firm also sees strength in its wealth management business