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CIBC, TD extend Big Six banks’ run of solid results Add to ...

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Two more large Canadian lenders churned out solid fourth-quarter earnings, extending a string of encouraging profits from the Big Six banks, but there is a growing consensus in the industry that next year will be much more challenging.

On Thursday, Canadian Imperial Bank of Commerce unveiled fourth-quarter earnings that easily beat analysts’ expectations, while Toronto-Dominion Bank reported profit in line with analysts’ predictions. For the full year, CIBC’s net income jumped 7.9 per cent, after adjusting for one-time items such as restructuring charges, and TD’s equivalent profit popped 6.1 per cent.

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