$RY

Toronto-Dominion Bank (TD) reported Q3 adjusted EPS of $2.77, exceeding estimates. RBC analyst Darko Mihelic raised his target to $173, citing strong EPS growth and capital return. TD shares rose 1.1%. National Bank's Gabriel Dechaine also upgraded TD's target to $196. RBC (RY) reported Q3 EPS of $4.28, beating estimates, but shares fell 1.6%. Dechaine raised RY's target to $321, citing strong fee income. TD Cowen's Mario Mendonca trimmed RY's target to $306. CIBC (CM) also saw target adjustment

RBC reported record Q3 net income of C$6.024B, up 11% YoY, driven by wealth management and capital markets. TD Bank's Q3 adjusted EPS rose to C$2.77, with shares up 1.4%. Dollar General's Q2 EPS beat estimates by $0.48, with shares up 4.7%. Dollar Tree's Q2 EPS included a $1.31 tariff refund benefit, with shares up 4.58%. Burlington Stores' Q2 adjusted EPS jumped 38%, with shares up 4.2%. Best Buy raised FY27 EPS guidance to $6.70-$6.90, with shares up 2.1%. Harmony Gold's profit doubled, but sh

Royal Bank of Canada (RY-T), Toronto-Dominion Bank (TD-T), and Canadian Imperial Bank of Commerce (CM-T) reported quarterly profits exceeding analysts' estimates, signaling resilience amid trade uncertainty. RBC's profit rose 11% to $6B, TD's net income increased 38% to $4.62B, and CIBC's profit grew 15% to $2.41B. All three banks expressed confidence in Canada's economic stability despite trade tensions, with plans for expansion and strategic investments.

Canada's TSX fell 53.33 points to 36,760.32, with CIBC and RBC shares down 3.6% and 2.2% respectively. BlackBerry rose 6.5%. U.S. markets gained, led by Nvidia's 8% jump after strong earnings and revenue growth forecast. NASDAQ rose 1.3%, S&P 500 up 0.6%, and Dow gained 0.3%.

BMO (BMO) and RBC (RY) sold their co-owned payment processor, Moneris Solutions, to Francisco Partners for CA$2 billion, retaining referral agreements. The sale is part of BMO's divestiture strategy and is expected to improve its CET1 ratio by 15 bps.

Canada's major banks reported Q3 earnings, with all six beating analysts' expectations. Scotiabank (BNS) saw a 17% profit increase, BMO (BMO) reported a 25% decline but beat estimates, and RBC (RY) posted an 11% rise. National Bank (NA), CIBC (CM), and TD Bank (TD) also reported higher profits. Canadian bank stocks have risen 24% this year.

Royal Bank of Canada, TD Bank, and CIBC reported quarterly profits exceeding estimates, driven by strong capital markets performance. All six major Canadian banks beat profit expectations despite trade tensions. RBC, TD, and CIBC reported earnings per share of C$4.28, C$2.77, and C$2.73 respectively, all above analyst estimates. Capital markets income rose significantly for each bank, with RBC up 16%, CIBC up 34%, and TD's wholesale banking segment up 87%.

Canada's TSX Composite Index fell 0.18% on Thursday, with financial stocks in focus after TD, CIBC, and RBC reported earnings. Nvidia shares rose 7% on strong AI-driven earnings and a bullish outlook. U.S. stocks opened higher, with the S&P 500 up 0.4% and Nasdaq up 0.9%. Oil prices were flat amid Middle East tensions, and gold prices stabilized ahead of a Fed speech.

Canadian stocks may open slightly higher on Thursday, influenced by bank earnings and commodity prices. Royal Bank of Canada reported a 11% increase in net income to C$5.879 billion, with earnings per share up 13% to C$4.23. Geopolitical tensions and Fed rate uncertainty may limit gains.

Royal Bank of Canada (RY-T) reported a 11% profit increase to $6B in Q3, exceeding estimates. Adjusted EPS was $4.28, beating expectations of $4.07. Revenue rose 9% to $18.54B, while expenses increased 6% to $9.79B. Capital markets profit grew 16% to $1.54B, and commercial banking profit increased 12% to $936M. Wealth management profit rose 32% to $1.44B. The bank set aside $1B in provisions for credit losses, lower than anticipated. RBC aims to expand its capital markets business in Europe.