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

RBC Bank on Bay Street, Toronto. August 2, 2013

Gloria Nieto/The Globe and Mail

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.

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  • 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:

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