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https://WOWA.ca 07-11-2018 20:42:38
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๐ง๐'๐ ๐ค3 ๐ฎ๐ฌ๐ฎ๐ฐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: $3.56B set aside for U.S. fines leading to negative income! ๐๐ฒ๐๐ป๐ผ๐๐ฒ๐: โข Adj earning: $2.05/share (vs $2.07 expected) โข Net quarterly income -$181M โข Biggest hit: $3.56 B provision for potential U.S. fines (additional $0.6B last
Canada Housing Market (July 2024): wowa.ca/reports/canadaโฆ โข Benchmark: $724,800 -4.3%โฌ๏ธYearly & -0.8%โฌ๏ธMonthly โข Avg price: $667,317 -0.2%โฌ๏ธYearly & -4.1%โฌ๏ธMonthly โข Sales: 38,626 -3.2%โฌ๏ธYearly & -0.7%โฌ๏ธMonthly ๐น๐จ๐ฆ home prices are declining, mainly due to Ontario's
๐๐ ๐ข'๐ ๐ค๐ฏ ๐ฎ๐ฌ๐ฎ๐ฐ: $BMO down 6% today after uncovering bad loans from its acquisition of Bank of the West โข Write offs:โฌ๏ธ+111% YoY to $643M (5-yr high) โข ๐๐ฑ๐ท ๐ฒ๐ฎ๐ฟ๐ป๐ถ๐ป๐ด:ย $2.64/share (vs $2.75 exp) โข ๐ฃ๐๐: โฌ๏ธ84% YoY to $906M โข ๐ก๐ฒ๐ ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ:โฌ๏ธ19% YoY
Bank of Nova Scotia's Q3 2024:ย โข BNS acquired 15% of Cleveland-based KeyCorp at US$2.8B โขย Write offs:โฌ๏ธ+28% YoY to $1B, highest since Q3 2021 โขย Adj earning: $1.63/share (vs $1.62 exp) โขย Net income:โฌ๏ธ-13% YoY to $1.91B โขย ๐ฃ๐๐:โฌ๏ธ+28% YoY to $1.05B $BNS ๐ข๐๐ต๐ฒ๐ฟ
๐ฅ๐๐ ๐ค๐ฏ ๐ฎ๐ฌ๐ฎ๐ฐ ๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด: $RY hits an all-time high with a market cap of CAD $227B๐ โข Adj earning: $3.26/share (vs $2.97 exp) โข HSBC acquisition is boosting earnings โข Write-offs:โฌ๏ธ+51% YoYย to $537M, highest in 5 yrs โข Net Income:โฌ๏ธ+16% YoYย to $4.5B โข
๐๐๐๐'๐ ๐ค๐ฏ ๐ฎ๐ฌ๐ฎ๐ฐ ๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด: $CM.TO price rose 5.5% today after beating expectations. โขย ๐๐ฑ๐ท ๐ฒ๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐: $1.93/share (vs $1.74 expected) Driven by lower-than-expected PCL โขย W๐ฟ๐ถ๐๐ฒ-๐ผ๐ณ๐ณ๐: โฌ๏ธ+34% YoY to $425M โขย ๐ก๐ฒ๐ ๐ถ๐ป๐ฐ๐ผ๐บ๐ฒ:โฌ๏ธ+25% YoY to
๐๐ฅ๐ถ๐๐ถ๐ป๐ด ๐๐๐๐ ๐ถ๐ป ๐จ๐ฆ ๐๐ฎ๐ป๐ธ๐: ๐ง๐ต๐ฒ ๐๐ผ๐ผ๐ฑ, ๐๐ต๐ฒ ๐๐ฎ๐ฑ & ๐๐ต๐ฒ ๐จ๐ด๐น๐ โ ๐๐ผ๐ผ๐ฑ: Banks are well-prepared with substantial reserves. โ ๏ธ๐๐ฎ๐ฑ: Significant loan write-offs expected. ๐ด๐จ๐ด๐น๐: The toughest financial times may still be ahead. ๐๐๐๐