The Toronto-based bank said Thursday that it earned $1.17 billion or $2.55 per diluted share in its third quarter, down from nearly $1.4 billion or $3.06 per diluted share a year earlier.
"The Bank of Canada's message last month underscored that the path to a full recovery could be both lengthy and uncertain. In the U.S., while many states reopened during the quarter, the continued spread of the virus could translate into a prolonged recovery," chief executive Victor Dodig told financial analysts.
Most Canadian business banking clients who negotiated deferrals have now finished accessing the bank's relief program, added chief risk officer Shawn Beber. Analysts on average had expected an adjusted profit of $2.15 per share, according to financial markets data firm Refinitiv.
Source: News Formal (newsformal.com)
The whole system fucked. Usury is evil.
A dying breed. Bitcoin and Gold is all that matters now.
All these banks making a Huge profit while alot of everyday Canadian citizens are having hardship lose of work/Income. It's time the wealth be distributed throughout Canada not to just the 1%. NesaraGesara Covid19Millionaires canpoli ErinOTooleMP JustinTrudeau
...which explains why they have to charge $3 for an ATM withdrawal😎
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