Canadian Banks Q1 2011 Results

Discussion in 'Economics' started by Kassz007, Mar 8, 2011.

  1. http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2011/03/bank-q1-earnings.html

    Would have liked to have found a better article but the only one I could find that summarizes all of the banks' Q1 2011 results was at this website that focuses on mortgages. I have not read any of the mortgage related content in this article, I am simply posting as a summary of Canadian banks' Q1 2011 results.

    Canada’s Big Six banks earned a collective $6.5 billion in the first quarter of 2011.

    Royal Bank
    Q1 profit: $1,839 million (C$1.24 per share)
    Increase from Q1 2010: 23%

    TD Bank
    Q1 profit: C$1,590 million (C$1.74 per share)
    Increase from Q1 2010: 18%
    Raised dividend

    Scotia Bank
    Q1 profit: $1,174 million (C$1.07 per share)
    Increase from Q1 2010: 19%
    Raised dividend

    CIBC
    Q1 Profit: $799 million (C$1.92 per share)
    Increase from Q1 2010: 23%

    BMO
    Q1 Profit: $776 million (C$1.32 per share)
    Increase from Q1 2010: 18%

    National Bank
    Q1 profit: $312 million (C$1.80 per share)
    Increase from Q1 2010: 45%