The comparison of 5 Canadian banks fundamental data
Royal Bank of Canada (RBC), Toronto Dominion (TD), Scotiabank (BNS), Bank of Montreal (BMO), and Laurentian Bank (LB) While the interest rates remain high and the banks’ profitability has declined, RBC and TD, above all other banks, continue to compete in the Canadian market, with a growth rate faster than the others. The following items […]
Fundamental analysis of Scotiabank, based on the 2023 financial report
In 2023, the main ratios of Scotiabank’s profitability have been the lowest compared to the last 3 years’ average. This is because of the higher cost of the short-term liabilities (deposit interest expense) versus the gain of the long-term assets (loan interest income). While the deposit interest rate has increased from 0.83% to 3.73% almost […]
Fundamental analysis of the Bank of Montreal annual report
In 2023, the net income of Bank of Montreal as well as ROA, ROE, and EPS have been the lowest compared to the last 10 years. Given these statistics and considering the rising interest rates- which have led to the relative shrinkage of the net interest income, BMO still insists on the dividend payout policy, […]
Bank of Montreal, the profitability challenge
A. Introduction In 2023, the net income of Bank of Montreal as well as ROA, ROE, and EPS have been the lowest compared to the last 10 years. Given these statistics and considering the rising interest rates- which have led to the relative shrinkage of the net interest income, BMO still insists on the dividend […]