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Companies that reported earnings this week
BMO
Scotiabank
National Bank
CIBC
RBC
TD
BMO Financial Group reports $2.14B Q1 profit up from $1.29B a year ago
Source: Google
BMO (TSE: BMO)
Q1 earnings: $2.14 billion, up from $1.29 billion a year earlier.
Revenue: $9.27 billion, up from $7.67 billion a year earlier.
BMO Financial Group says it earned $2.14 billion in its first quarter, up from $1.29 billion in the same quarter last year, helped by strength in its wealth management and capital markets businesses.
The bank said Tuesday the profit amounted to $2.83 per diluted share for the quarter ended Jan. 31, up from $1.73 per diluted share a year earlier.
Revenue totalled $9.27 billion, up from $7.67 billion in the same quarter last year.
The bank’s provision for credit losses amounted to $1.01 billion in its latest quarter, up from $627 million in the same quarter last year.
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On an adjusted basis, BMO says it earned $3…
Nvidia on Wednesday reported a surge in fourth-quarter profit and sales as demand for its specialized Blackwell chips, which power artificial intelligence systems, continued to grow, sending the company’s stock higher after hours. For the three months, that ended Jan. 26, the tech giant based in Santa Clara, California, posted revenue of USD$39.3 billion, up 12% from the previous quarter and 78% from one year ago. Adjusted for one-time items, it earned USD$0.89 a share. (All values are in U.S. currency.)
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“Demand for Blackwell is amazing as reasoning AI adds another scaling law—increasing compute for training makes models smarter and increasing compute for long thinking makes the answer smarter,” Nvidia Founder Jensen Huang said in a statement…
How much credit card debt does the average Canadian have?
– moneysense.ca
How much debt does the average Canadian carry?
The average credit card balance for Canadians in the third quarter of 2024 was $4,562, according to TransUnion. This is up 6.97% from the previous year, putting credit card debt as the fastest-growing type of consumer debt over car loans, lines of credit and mortgages. Another source, Wealthsimple, reports a similar amount but a bit higher than at $4,787.
Driven partly by millennial and Gen Z populations, the number of Canadians with credit ballooned, as did the total outstanding new debt—a record $2.5 trillion at the end of 2024…
RWRDS Daily Update Feb 27: Air Canada Aeroplan Family Sharing has reopened to new enrollments again!
– RewardsCanada.ca
The post RWRDS Daily Update Feb 27: Air Canada Aeroplan Family Sharing has reopened to new enrollments again! appeared first on Rewards Canada.


