Canada’s Big 6 banks have wrapped up another earnings season, raking in more than $8.5 billion in the second quarter.
Among the highlights:
- Most of the banks anticipated losses from the Fort McMurray wildfire, but nothing headline-making.
- Scotia and TD both reported small declines in their residential mortgage portfolios.
- Net interest margins dropped almost across the board.
In keeping with CMT’s quarterly ritual, we’ve sifted through the Big Banks’ quarterly earnings reports, presentations and conference calls, and compiled all the mortgage-related goodies. We have to admit though, this quarter was really kind of dull. Whatever was notable is in blue.