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Reporting Calendar - May 2021
Investors keenly watch out for earnings of the Toronto Stock Exchange (TSX)-listed companies before updating their portfolio quarterly.
As the earnings season commences, companies present their numbers on how businesses recovered from the previous year’s slump. Here is your gateway to the important earnings for the week:
| Date | Company Name | TSX Code | Reporting period | Business Outlook |
|---|---|---|---|---|
| 26-May-21 | Bank of Montreal | BMO | Q2 FY21 | According to Refinitiv, the bank is estimated to post a revenue of C$ 6.12 billion when it reports second quarter fiscal 2021 results on Wednesday, May 26. In the second quarter of 2020, the bank's revenue was C$ 5.3 billion. |
| 27-May-21 | Canadian Imperial Bank of Commerce | CM | Q2 FY21 | As per the Bank's previous financial report, the Canadian Imperial Bank Of Commerce, will post earnings of C$ 2.32 per share in Q2 2021, up from the previous forecast of C$ 2.2. In Q2 2020, it had posted earnings of C$ 0.83 per share. |
| 27-May-21 | Royal Bank of Canada | RY | Q2 FY21 | It is expected that the Canadian banks will beat analysts' estimates for quarterly earnings and the largest bank in Canada by market capitalization will likely post increased net income in the second quarter results on May 27. Notably, in Q1 2021, the net income had increased by 10 per cent year-over-year (YoY) to C$ 3.8 million. |
| 27-May-21 | Toronto-Dominion Bank | TD | Q2 FY21 | The Toronto-Dominion Bank (TD) might deliver a YoY increase in earnings on higher revenues in its earnings report for the second quarter fiscal 2021. Strength in capital markets and wealth management might cause this surge. In Q2 2020, the bank's net income was C$ 1,515 million |
| 28-May-21 | National Bank of Canada | NA | Q2 FY21 | Market experts predict that the top six lenders in Canada will witness their average core earnings per share to grow by double from a year ago. In Q2 2020, the basic earnings per share of the National Bank of Canada was C$ 1.01 and it will likely increase in this year's second quarter results. |
| 1-Jun-21 | Bank of Nova Scotia | BNS | Q2 FY21 | The Bank of Nova Scotia shows signs of posting increased earnings in the second quarter results of this year. In Q2 2020, the bank had posted a net income of C$ 1,324 million, when the coronavirus pandemic had hit the world. Since then, the banks and markets have recovered, and experts estimate that the Bank of Nova Scotia will post solid results in this year's quarter. |