big bank earnings Archives - Mortgage Rates & Mortgage Broker News in Canada

TD sees flat mortgage growth in Q1, but says proprietary channels driving future potential

March 5, 2025 1 Comment

TD Bank reported flat growth in its residential mortgage portfolio for Q1 2025, attributing part of the weakness to seasonality.

RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave

March 1, 2025 No Comments

As the spring mortgage market approaches, Canada’s largest bank says it’s getting ready for a busy season of mortgage renewals.

Scotiabank says rate cuts are easing pressure on borrowers, but warns tariffs could stall economic recovery

February 25, 2025 No Comments

Scotiabank’s latest earnings show mortgage borrowers benefiting from recent rate cuts, but the bank warns looming U.S. tariffs pose economic risks.

BMO’s loan loss provisions surge in Q4, but execs say credit strain appears to have peaked

December 8, 2024 No Comments

BMO’s credit performance worsened more than expected, contributing to a 15% year-over-year decline in adjusted full-year earnings.

Despite tough quarter, TD sees year-over-year market share gains in mortgage lending

December 5, 2024 No Comments

Despite ongoing anti-money laundering (AML) remediation efforts, TD Bank saw growth in its mortgage lending business in Q4, with year-over-year market share gains.

Some mortgage borrowers renewing in 2025 to face an average $513 monthly payment increase: RBC

December 4, 2024 No Comments

RBC also reported a sharp drop in remaining amortization periods thanks to Bank of Canada rate cuts in the fourth quarter.

Scotiabank sees rise in mortgage arrears but remains optimistic about renewals

December 3, 2024 1 Comment

In its fourth-quarter earnings call, the bank said higher-for-longer interest rates and elevated unemployment levels have put stress on some aspects of its portfolio.

Banks head into Q4 with investors looking for better days ahead

December 1, 2024 No Comments

The majority of Canada’s big banks are heading into fourth-quarter earnings this week riding high as fears around mortgage defaults and a recession ease.

RBC warns of rising mortgage losses through 2025 with upcoming renewals

September 3, 2024 2 Comments

BoC rate cuts will ease pressure, but mortgage renewal shocks still loom, RBC says

BMO reports rising mortgage delinquencies and loan loss provisions in Q3

August 27, 2024 No Comments

High interest rates drove BMO’s mortgage delinquency rate higher in the third quarter, according to the bank’s latest earnings results.

big bank earnings