The results are in for the Q2 2019 Canadian bank earnings, and the second quarter of 2019 saw some changes.
According to Canadian Mortgage Trends, “Canada’s big banks felt the effects of a sharply slowing economy and cooling housing market in the second quarter.”
The majority of the net income growth reported was in the low-to-mid single digit range. Some reported an increase in the amount of 90+ day delinquencies.
Dive into the 2019 Q2 figures from the Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank, and TD Bank at Canadian Mortgage Trends.
See the results here: https://www.canadianmortgagetrends.com/2019/06/q2-2019-bank-earnings-mortgage-morsels/
Interested in more news about the Canadian financial industry? Check out these recent blogs from Purview:
- Private Lenders – Seize the Moment
- Lenders in the News: Innovation in Product Matters — Just Ask MERIX Financial
- The latest Teranet-National Bank House Price Index figures
Purview has tools for lenders of all sizes that enable you to receive accurate property information faster, mitigate risk, check fraud, and more.
Discover them all by calling 1-855-787-8439 or visiting www.purview.ca.
Purview is just one of Teranet’s Financial Services Solutions; stay tuned for our upcoming portfolio unveiling!