Close X
Friday, November 29, 2024
ADVT 
National

$34.88 Billion In Profits And Other Key Numbers For Canada's Big Banks

The Canadian Press, 03 Dec, 2015 12:26 PM
    TORONTO — Despite concerns that the sluggish economy, tapped out borrowers and low interest rates could dampen the profitability of Canadian banks, the country's six biggest lenders earned a combined $34.88 billion in profits over the past year. 
     
    That's an increase of nearly five per cent and greater than the GDP of Newfoundland and Labrador.
    Here are some other facts about the banks' annual results, released this week:
     
    — Royal Bank of Canada reported $10.03 billion in profits in 2015, up 11 per cent from last year. CEO Dave McKay said it's the first time a Canadian company has crossed the $10-billion mark.
     
    — Toronto-Dominion Bank saw its annual net income grow by just under two per cent to $8.02 billion.
     
    — Scotiabank recorded $7.21 billion of profits, down roughly one per cent from fiscal 2014.
     
     
    — Bank of Montreal boosted its annual net income by nearly two per cent to $4.41 billion.
     
    — CIBC saw $3.59 billion of profit, up more than 11 per cent from last year.
     
    — National Bank increased its annual profits by five per cent to $1.62 billion.

    MORE National ARTICLES

    Not As Many Deep Freezes This Winter, Says The Weather Network

    Not As Many Deep Freezes This Winter, Says The Weather Network
     Canadians with vivid memories of the teeth-rattling cold last winter can look forward to a reprieve this season.

    Not As Many Deep Freezes This Winter, Says The Weather Network

    Fraud Prompts B.C. Securities Commission To Levy $1-Million Fine On Chilliwack Real Estate Developer

    Fraud Prompts B.C. Securities Commission To Levy $1-Million Fine On Chilliwack Real Estate Developer
    A B.C. Securities Commission panel has ordered that Rodney Wharram pay a $500,000 fine and another $517,500 to cover the amount it says he obtained by his fraudulent misconduct.

    Fraud Prompts B.C. Securities Commission To Levy $1-Million Fine On Chilliwack Real Estate Developer

    Toronto Police Seize $12 Million In Counterfeit Goods Including Blue Jays Gear

    Toronto Police Seize $12 Million In Counterfeit Goods Including Blue Jays Gear
    Toronto police say they have seized more than $12 million in counterfeit goods including Blue Jays jerseys, headphones and purses as part of an ongoing operation.

    Toronto Police Seize $12 Million In Counterfeit Goods Including Blue Jays Gear

    Winnipeg Man Pleads Guilty In Pair Of High-profile Sex Attacks, Reports Say

    Winnipeg Man Pleads Guilty In Pair Of High-profile Sex Attacks, Reports Say
    WINNIPEG — Published reports say a Winnipeg man has pleaded guilty to a pair of violent sexual assaults, including one on a teen who became a spokeswoman for the plight of missing and murdered aboriginal women.

    Winnipeg Man Pleads Guilty In Pair Of High-profile Sex Attacks, Reports Say

    Superior Court Grants Injunction That Will Postpone Quebec's Assisted Dying Law

    Superior Court Grants Injunction That Will Postpone Quebec's Assisted Dying Law
    Quebec Superior Court has granted an injunction that will postpone the implementation of a provincial law on assisted dying until at least February.

    Superior Court Grants Injunction That Will Postpone Quebec's Assisted Dying Law

    Nanaimo Pot Shops Face RCMP Crackdown As Three Dispensaries Raided

    Nanaimo Pot Shops Face RCMP Crackdown As Three Dispensaries Raided
    The warrants were served nearly three weeks after cease-and-desist letters were handed to the operators of 10 dispensaries, giving them seven days to close their doors or face possible charges.

    Nanaimo Pot Shops Face RCMP Crackdown As Three Dispensaries Raided