COMPLETE Canadian Bank Earnings Recap: Missed Expectations & Soaring Expenses

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In this video, we explore the recent Canadian bank earnings reports, highlighting the key surprises, missed out on expectations, and the big increase in expenditures. We'll cover Royal Bank (RY), TD Bank (TD), Bank of Montreal (BMO), Scotiabank (BNS), CIBC (CM) and National Bank (NA). Stay informed about the latest developments shaping the monetary landscape in Canada.

Likewise in this episode, we evaluate that latest Canadian Work numbers, and joblessness is on the increase. Can jobs stay up to date with migration? And, The Bank of Canada is set to make its next rate of interest statement this Wednesday. The cash says the rate will be left unchanged, and we see what Bank Guv Tiff Macklem needs to state.


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COMPLETE Canadian Bank Earnings Recap: Missed Expectations & Soaring Expenses

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About the Author: Richard Money


  1. 📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤

    I truly appreciate those of you who tune in for my twice-weekly news updates. Thank you for your support.
    In this video, we delve into the recent Canadian bank earnings reports, highlighting earnings misses and the huge rise in expenses.

    Also in this episode, we review that latest Canadian Employment numbers, and unemployment is on the rise. Can jobs keep up with immigration?
    And, The Bank of Canada is set to make its next interest rate announcement this Wednesday. The money says the rate will be left unchanged, and we’ll see what Bank Governor Tiff Macklem has to say.

  2. That’s a despicable amount of bonuses and you know most of that money is going to people who really don’t need it

    1. It’s despicable that you have a device connected to the internet and others don’t. Give it to someone else.

    2. The amount of canadians who think like socialists are alarming. I hope things turn out well for canada.

    3. @marcosct86  No, I’m not an idiot, I know that they would just waste it. I just don’t think they should be increasing their bonuses when they aren’t performing well. They are missing expectations, and they get a raise? Doesn’t make sense. Put for of that money towards either loan loss provisions or invest more in the business or pay more back to your share holders.

  3. Well, RBC knocked it out of the park, relative to expectations!

    Glad to see bonuses keeping up with inflation…😏

  4. Thanks for another great video! I really enjoy these updates.

    So the story of Canadian banks in Q4 is more complicated than just saying that high interest rates led to a lot of loan defaults. They did, but when (for example) TD’s earnings are down by _three billion dollars_ there’s more going on. Their total revenue fell by 16% and expenses rose by 20%. I get the impression TD is putting all their extra expenses in Q4 to get them over with instead of spacing them out over a longer span of time.

    Here at the end of the year they’re taking all the bitter medicine in one dose, so investors can stop thinking about it over the holidays and the balance sheet will look a lot greener next year. The other banks may be doing something similar.

  5. I’ll say it again, the visuals with all the comparison topics are game changers to this gal viewer 🙂 This presentation and topics were quite interesting! Thank you Marc and team Marc PEI chiming in and always a fan. 👍😀

  6. I love the video as always! It would be appreciated to maybe have more visuals/comparatives when talking about the company’s earnings 🙂

  7. Great recap Marc. These banks really hit home with us Canadian dividend investors. Oh, and I’m very glad you came out of retirement to become a YouTube celebrity with your son lol 🙌🙌

  8. Do not bonds and debt determine the interest rate and the central bank has no choice but to follow.? I’m confused.

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