News and resources for Canada's top financial advisors
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Industry
ATB Financial, the largest Alberta-based financial institution, reported a 12.8% increase in its net income, up to $195 million for the year ending March 31, 2012.
By Staff |June 1, 2012
1 min read
Economic Indicators
TD Bank’s second quarter earnings jumped 14% over 2Q11, reflecting record retail earnings and a solid performance from wholesale banking.
By Staff |May 24, 2012
RBC reports net income of $1,563 million for the second quarter of 2012. The bank’s true net income was $1,765 million, up $83 million or 5% from last year, but the reporting number accounts for a $202 million after-tax loss from its acquisition of the remaining 50% of RBC Dexia. The bank’s solid performance was […]
Earlier this week, CIBC Capital Markets predicted Canadian banks would grow an average 5.3% in 2012’s second quarter. Bank of Montreal, however, far surpassed those expectations, with profits leaping 27%. The bank beat analyst expectations on stronger results in both its U.S. and Canadian retail operations. Read: RBC is top North American bank for more […]
By Staff, with files from The Canadian Press |May 23, 2012
2 min read
Canadian banks started the year with strong earnings momentum, but will report slower growth in the second quarter – characterized by lower trading revenues and a weaker outlook for the rest of the year.
By Staff |May 22, 2012
TD Asset Management joins the list of Canadian firms that comply with the CFA Asset Manager Code of Professional Conduct. Others include CIBC Global Asset Management, Mawer Investment Management, Kinsale Private Wealth and GLC Asset Management Group. More than 650 firms in 20 countries have registered. The code outlines ethical and professional responsibilities of firms […]
May 17, 2012
Earlier this week, it was rumoured that Bruno Iksil would leave JP Morgan. And as it turns out, the rumours were true. Iksil is a French-born trader who manned the London office of JP Morgan. Prior to the company’s loss, he was nicknamed the “The London Whale”; he made risky trades and turned extremely bullish […]
3 min read
Moody’s downgraded the debt of 30 Spanish banks today but has so far left the country’s three largest untouched. Higher pressure on Spanish sovereign debt and the number of weak banks in the country prompted the downgrade. The role of smaller and regional banks is declining as the sector consolidates. Moody’s has been planning the […]
Canada's financial sector is ranked as one of the world’s best, says a Bloomberg Markets ranking that placed four of Canada's banks among the world's strongest. But, RBC also made Moody's tally of 17 banks and firms that may soon face downgrades to their long-term credit ratings.
May 11, 2012
Morgan Stanley says it will need an extra $7.2 billion of securities and other collateral if it's downgraded by Standard & Poor's and Moody's.
By Staff |May 8, 2012
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