Royal Bank Of Canada (TSX:RY) & Bank Of Montreal: 2 Bluechip Stocks

• December 15, 2020 09:06 AM EST
• Hina Chowdhary

Summary Both the lenders’ stocks are trending among major the TMX’s stocklists following their gains in the last 30 days. Both banking stocks have delivered double-digit growth in the last one month. TD pays a quarterly cash divide...

• December 03, 2020 11:42 AM EST
• Team Kalkine

Summary The TD Bank Group and the Canadian Imperial Bank Of Commerce posted have their latest earnings report for the fourth quarter and fiscal year of 2020. The Toronto-Dominion Bank’s total revenues amounted to C$ 11.8 billion in Q4 FY2...

• December 02, 2020 11:42 AM EST
• Kunal Sawhney

Summary National Bank of Canada’s total revenue up 7 per cent year-over-year for fiscal 2020. The lender’s acquisition of consumer finance investment company Credigy has improved its diluted earnings per share by C$0.07. The Royal ...

• December 02, 2020 04:20 AM EST
• Kunal Sawhney

Summary BMO announced quarterly cash dividend of C$ 1.06 per common share. The stocks have swelled by nearly 18 per cent in the last three months. Scotiabank declared a quarterly cash dividend of C$ 0.90 per common share for the quarter. Scot...

• November 17, 2020 11:37 AM EST
• Team Kalkine

Summary Two back-to-back promising news on the COVID-19 vaccine have built positive sentiment among investors. Bank of Nova Scotia and The Toronto-Dominion Bank stocks have surged by over 2 per cent on the vaccine update. BNS stocks are up ove...

• October 23, 2020 01:54 PM EDT
• Team Kalkine

Summary The TSX financial index is down over 15 per cent year-to-date (YTD) while the TSX Venture financial index is down by over 16 per cent YTD. Manulife Financials stock declined by 28.75 per cent this year due to the impact of Covid-19 on ...

• October 16, 2020 09:42 AM EDT
• Team Kalkine

Summary Soaring bad loans amid the pandemic has forced big Canadian banks to create significant provisions for credit losses (PCL). The Toronto-Dominion Bank’s provision for credit loss was C$ 2.18 billion in its third quarter, while Bank...

• September 30, 2020 07:01 PM EDT
• Team Kalkine

The largest banks in Canada took a massive hit when the markets tanked amid the coronavirus pandemic in March. As they accommodated central bank’s lowered interest rates and deferred loan payments, substantial provisions for credit losses wer...

• September 18, 2020 10:20 AM EDT
• Kunal Sawhney

Summary The top banks of Canada bore the brunt of massive credit losses in the light of the COVID-19 pandemic. The S&P/TSX Banks Index declined 13.18 per cent year-to-date. Stocks of Canadian Imperial Bank Of Comme...

• September 08, 2020 09:04 PM EDT
• Team Kalkine

Summary Royal Bank of Canada (TSX: RY) and Toronto Dominion (TSX: TD) emerged among the most traded shares on the Toronto Stock Exchange. Both the banks stocks have paid out consistent dividends and have high yields. With the economic activity...