The three month ended Jan. 31, Canada biggest banks posted profit increases between 10 and 30 per cent compared to a year ago with Bank of Montreal leading the way with a 30 per cent gain in adjusted net income.Toronto Dominion Bank was the last of the group to report its earnings and, like those before it, results surpassed market expectations with adjusted net income of $2.56 billion, up nearly 14 per cent from the year earlier period.Canada second largest bank by market capitalization reported adjusted diluted earnings of $1.33, beating the $1.27 analysts had expected, according to those surveyed by Bloomberg.TD also hiked its dividend by 5 cents for the quarter ending in April, more than what analysts had expected. It also announced it was seeking regulatory approval for a normal course issuer bid to repurchase for cancellation up to 15 million of its common shares.very happy with how the quarter has turned out and the momentum we building, said Bharat Masrani, TD group president and chief executive officer on a call with analysts.Still, compared to the stellar earnings of some of its competitors, TD performance lagged, said Doug Young, an analyst at Desjardins Capital Markets.it beat we believe the market has been expecting all the banks to beat, and the margin at TD was the second lowest of its peers, he said in a note Thursday.Many of the banks benefited from big gains in capital markets and wealth management, both helped in part by the surge in trading volumes.On the downside, loan growth was relatively weak and Canadian banks continue to face low interest rates, said Shanahan.However, the banks did an good job in controlling expenses, said John Aiken, an analyst with Barclays in Toronto.are not in a hugely strong revenue environment, (yet) we seeing better earnings because the banks are doing a very good job of containing costs, he said.Credit quality was also resilient this quarter, with not as many losses as the market had been expecting, Aiken added.general, I think that bank earnings showed that there is still a lot to be positive about when it comes to the Canadian banks, said Meny Grauman, an analyst at Cormark Securities, in an email.
I know it seems a bit on the large size for a ‘first’ barn, but I’d rather build it a little big now, than have to figure out how to add on later. One for each of Aaron and I’s riding horses and then 2 that can be a foaling stall and then house a broodmare and weanling later. The two pocked doors I have shown in the feed room provide access to anyone trying to get to the bathroom or tack room while the wash stall is occupied..