It's a mixed result to see such a discrepancy between TD, RBC and CIBC earnings: Thackray
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- Опубликовано: 3 июн 2024
- Brooke Thackray, research analyst at Horizons ETF Management Canada, breaks down the latest Canadian bank earnings and why he feels TD is the loser in the latest earnings.
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Here is what I understand : all banks put money aside for eventual losses about bad loans. For me, this means many people dont know yet but they will soon loose their homes, cars and credit cards.
Honeatly, i think theyll just extend peoples amortization infinitely kicking the can. I cant imagine people are keeping up on their credit cards and other QOL expenses. People are poorer and are using credit cards to maintain that lifestyle.
@@jmb9701who would know our financial health better than our own banks?
@@jmb9701if buyers have paid too much for second and third investment homes, there may be less sympathy to extend amortization. Principal home may be a diff story.
It was nice to see my Cibc (CM) dividend go up today!
Dividend went up to hide the weak numbers and harder times to come in order to keep the share price up. Nothing to be super happy IMHO
Increasing dividends is good as long as being legitimately based on performance and not for damage control in the short term.
What is happening to Canadian banks today is what will be happening to American banks tomorrow. Be prepared.
Don't worry rates are going down. The world is saved.
@@SingaporeFriedrice you are funny!
@@benhaze1010look out below once reality sets in that rates aren’t coming down until summer at the earliest.
TD service is better than RBC.
Agreed but in the end the issue is TD gave out more bad loans & now has to pay for letting ppl buy homes that have no business buying a home. That service was a little too good lol. They need to start saying "no" more often to actually make money.
Remember what happened to Enbridge they diluted their shares. The Canadian bank stocks are headed in the same direction. Issue more shares and pretend nothing is wrong then the snowball effect occurs as bigger and bigger share dilutions occur.
The higher the earnings, the higher the provision for credit losses. Interest rates have moved from slowing to breaking companies/people. We need an interest rate cut q2 2024.
Provisions are moving up way higher than loan growth.
Earnings driven by layoffs and they expect us to believe everything is fine.
nice
this has happened before, and it seems the story is the same - no matter what, canadians always end up buying the dip as a 7% yield is too attractive to ignore. Paid to wait and then let the government lower rates, monetize debt and inflate away any problems
Wow 2% profit loss what are they gonna do oh yea screw the little fella and hand out big bonuses
All those banks do is pay for big parties or events. Maybe stop having the time of your life on my dime! Massive buildings and golf tournaments get expensive!!
TD got caught up in it's U.S. business buying garbage assets
Blether....check your so called 'facts'.
Sounds like it's time to buy
keep voting liberals lol
Which Liberal policies have led us to the current situation? I ask without expecting you to need to google this and copy-paste, of course.
@@TheJohnmmullin "Since February 2022, Canada has committed over $2.4 billion in military assistance donations to Ukraine."
@@TheJohnmmullin Federal government allowing immigrants in at a rate greater than houses can be built causing housing supply issues, hospital wait times and other infrastructure crunches.
@@NFNNLN these impact bank earnings in the short term, how exactly?
@@NFNNLN yes?
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