The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A logo on Royal Bank Plaza is pictured on Bay Street in Toronto on Friday, July 25, 2014.
A logo on Royal Bank Plaza is pictured on Bay Street in Toronto on Friday, July 25, 2014.
(DARREN CALABRESE FOR THE GLOBE AND MAIL)

Big jump in banks’ capital markets earnings expected

A rebound in the investment banking business is providing a big bump to bank bottom lines that will be evident when the country’s biggest financial institutions start reporting their quarterly earnings next week.

National Bank Financial analyst Peter Routledge forecast this week that capital markets income for the six biggest Canadian banks rose 12 per cent in aggregate in the quarter ended July 31 from the same quarter last year. And it’s likely to keep going.