Banks Head into Q4 Earnings

This is a U.S. news story, published by CityNews, that relates primarily to National Bank news.

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CityNews

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Banks head into Q4 with investors looking for better days ahead

Summary

Nutrition label

84% Informative

S&P TSX bank index is up around 12 per cent since last quarter’s results, including a 19 per cent gain for Scotiabank and 17 per cent climb for CIBC .

The exception is TD , which was hit with a US$3 billion fine and growth limits in the U.S. because of its anti-money laundering deficiencies.

Scotiabank kicks off earnings on Tuesday , followed by National Bank , National Bank and RBC .

Banks had set aside about $4.4 billion in total for potential loan losses, up 23 per cent from a year earlier .

Rate cuts by the Bank of Canada aren't expected to significantly bolster personal lending yet, but commercial loans could see stronger growth.

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Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity