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WRAPUP 2-Bank of Montreal, Scotiabank beat profit expectations, signal better times ahead

Nichola Saminather 4 分钟阅读 TORONTO, Feb 23 (Reuters) - Bank of Montreal and Bank of Nova Scotia (Scotiabank) beat estimates for first-quarter profit on Tuesday as they set aside less-than-expected capital to cover bad loans, and said economic recoveries driven by the rollout of coronavirus vaccines will boost performance into the year. Both banks also returned to pre-pandemic profit levels as they posted higher earnings from a year earlier driven by strong growth in capital markets and wealth management. This helped offset more muted increases in their Canadian units and a decline in Scotiabank’s international business. BMO shares rose 2.8% to C$104.68 in morning trading in Toronto, on track for their highest close since May 2019. Scotiabank shares increased 2.7% to C$74.01, heading for their best day in over a year. The Toronto stock benchmark lost 0.8%.

Bank of Montreal, Scotiabank beat profit expectations, anticipate recovery

Bank of Montreal, Scotiabank beat profit expectations, anticipate recovery
montrealgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from montrealgazette.com Daily Mail and Mail on Sunday newspapers.

Canadian banks set for earnings decline but investors optimistic about recovery

Canadian banks set for earnings decline but investors optimistic about recovery By Nichola Saminather FILE PHOTO: A Bank of Montreal (BMO) sign is seen outside of a branch in Ottawa TORONTO (Reuters) – Canadian banks are set to post their fourth straight year-on-year quarterly profit drop when they report results next week, the longest decline streak since the financial crisis, on margin compression and declining commercial lending, but flattening loan loss provisions signal a turning point, investors said. Banks’ profit margins are also expected to get a boost from rising 10-year bond yields in Canada and the United States in future quarters as short-term rates remain near zero. Banks often fund their lending with short-term borrowing or bank deposits.

Canadian banks set for earnings decline but investors optimistic about recovery

Canadian banks set for earnings decline but investors optimistic about recovery
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

The Bajan Reporter | BARBADOS WATER AUTHORITY REMINDS CLIENTELE OF USING ONLINE PAYMENTS UNTIL 17th FEB, 2021

by Bajan Reporter / February 5th, 2021 The Barbados Water Authority wishes to inform that its Payment Centre will be closed to the public from Wednesday, February 3rd to Tuesday, February 9th in accordance with the directive given by the Government of Barbados. Please remember that water bills can also be paid online via: The Royal Bank of Canada ( RBC) Scotiabank) Republic Bank (Barbados) Limited and Or? In person at all SurePay outlets. During this time the Authority will continue to respond to emergency burst pipes/mains and to assist residents in areas suffering water outages. Customers can report any emergencies to our Customer Service Centre via the number

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