Canadian banks earnings reports + MORE Aug 28th

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Ask MoneySense I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »

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Stock news for investors: Air Canada profit drops more than 50% in Q2 amid “challenging environment” Jul 31st

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Canadian banks earnings reportsBig Bank earnings reports highlights
The third-quarter results are in.

National Bank of Canada (NA/TSX): Earnings per share of $2.68, and revenues of $3 billion.

Royal Bank of Canada (RY/TSX): Earnings per share of $3.09, and revenues of $14.63 billion.

Bank of Montreal (BMO/TSX): Earnings per share of $2.64, and revenues of $8.19 billion.

Scotiabank (BNS/TSX): Earnings per share of $1.41, and revenues of $8.36 billion.

Toronto-Dominion Bank (TD/TSX): Earnings per share of $2.05, and revenues of $14.24 billion.

CIBC: Results to come.

National Bank reports $1.03B Q3 profit, up from $830M a year ago

National Bank of Canada reported a third-quarter profit of $1.03 billion, up from $830 million a year ago, helped by strength across its operations.The Montreal-based bank said Wednesday its net income amounted to $2.89 per diluted share for the quarter ended July 31, up from $2.33 per diluted share a year earlier. Revenue for the quarter totalled $3 billion, up from $2…

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Nvidia Stock Down After Hours Despite Q2 Earnings Beat And Raise  ForbesNvidia’s sales forecast fails to meet lofty expectations  BNN BloombergNvidia Superfans Threw a Party to Watch Quarterly Earnings  New York MagazineNVIDIA Announces Financial Results for Second Quarter Fiscal 2025  NVIDIA BlogNvidia stock stock slips even after earnings top Wall Street estimates and demand for AI chips surge  The Globe and Mail

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MoneySense at the MoneyShow: The Top ETFs in Canada for 2024 and the Market Trends to FollowMoneySense is at the MoneyShow. Get your complimentary ticket to join MoneySense for the session “The Top ETFs in Canada for 2024 and the Market Trends.”

To help find promising opportunities, while avoiding more troublesome risks, joining MoneySense and 70 plus other world-class investment experts at MoneyShow Toronto!

On September 13 and 14, attend live presentations, where you can chat directly with the experts and fellow Canadian investors and traders from around the world. Plus, you can visit interactive tradeshow booths, featuring books, timely research, educational videos, exclusive discounts, prize draws and more.

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The Top ETFs in Canada for 2024 and the Market Trends to Follow

With more and more ETFs listed on Canadian exchanges, DIY investors have an overabundance of choice. It can be hard for investors to know which ETFs to put into their portfolios—should you stick with index-based ETFs or explore thematic and sector ETFs, for example? MoneySense breaks through the clutter with our annual ETF All-Stars Report—now in its 12th year…

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