Canadian Imperial Bank Commerce and Royal Bank Canada

Toronto-Dominion Bank: Toronto-Dominion Bank reported a 7 per cent decline as it booked a restructuring charge, but when its earnings were adjusted to exclude one-time items, they grew nearly 5 per cent, according to The Toronto Star. The banks’ profits are being driven by advisory and underwriting fees in their capital markets operations, just as debt-weary Canadians are taking out fewer loans, creating a lull on the retail banking side. Canadian Imperial Bank of Commerce said its profits tripled, while Royal Bank of Canada saw its profits jump 14 per cent. The diverse nature of Canada banking sector means a slowdown in one area of the bank is usually made up in other areas, Ian Nakamoto, director of research at Mac Dougal, Mac Dougal & Mac Tier Inc. in Toronto told Bloomberg. Shares of the three banks traded down for most of the day on the Toronto Stock Exchange, although CIBC ended the day higher. Still investors would like to see personal and commercial drive earnings because capital markets tend to be volatile and tough to predict. (news.financializer.com). As reported in the news.