Talk of gloomy earnings for Canada’s big banks is fading. Apart from BMO earlier in the week the results have been better-than-expected with RBC delighting investors yesterday and today two more showed strong figures. CIBC’s wholesale and wealth management divisions grew particularly well and first quarter adjusted net income is $2.36 per share, 9 cents higher than economists predicted although down to $923 million from $1.18 billion a year earlier. The dividend payment is 3 cents higher than the last quarter at $1.06 per share. Meanwhile TD Bank
’s adjusted net income was up to $2.01billion although its dividend payment is lower than expected with a 4 cent rise to 51 cents per share.
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