TD falls short of forecasts, RBC sees profits climb, CIBC slips

Share

Three of Canada's big banks reported earnings Thursday. Here's a summary of how they stand.

TD profit climbs but falls short of forecasts

Toronto-Dominion Bank's fourth quarter earnings climbed higher, but fell short of analyst estimates and signalled a warning about future growth potential.

• Profit amounted to $1.62-billion up from $1.60-billion over the same period in 2012
• Earnings per share of $1.69, up from $1.67 per share a year earlier
• Two-for-one stock split announced, effectively halving TD’s stock price
• Read the full story
• Check the stock price

The fourth-quarter figure included a $129-million restructuring charge related to "retail branch and real estate optimization initiatives."

RBC CEO Gord Nixon to retire, profit rises 11 per cent

Royal Bank of Canada's fourth-quarter profit extends the bank's streak of blockbuster earnings in 2013.

• Bank chief Gord Nixon to retire next summer, Dave McKay to be named new CEO
• Profit of $2.1-billion, up from $1.9-billion in the same period of 2012
• Earnings per share $1.40, up from $1.25 a year prior
• Read the full story
• Check the stock price

CIBC earnings down

Canadian Imperial Bank of Commerce's profit slipped in the fourth quarter, capping off a year with muted growth.

• Profit of $836-million, down slightly from the $852-million in the same quarter last year
• Earnings per share $2.05, up from $2.02 a year prior
• CIBC did not raise its dividend, a move that will surprise the investors
• Read the full story
• Check the stock price

Earlier this week:

• Sinking U.S. profit clouds horizon for Bank of Montreal