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Q3 2018 Bank Earnings


Q3 2018 Bank Earnings

The dust has settled following the latest round of big bank earnings, which unveiled another solid quarter and record earnings.


The new B-20 regulations and higher interest rates so far appear to be having little effect on mortgage growth, with RBC reporting that customers are “self-adjusting” to the new landscape.


One big gift delivered to the banks courtesy of the B-20 guidelines is turning out to be higher renewal rates, since the new rules make it more difficult for existing homeowners to qualify at a new lender. Both RBC and CIBC report renewal rates in the 90-94% range.


As we do every quarter, we’ve picked through the Big Banks’ quarterly earnings reports, presentations and conference calls, and compiled all the mortgage notables right here. Key tidbits are highlighted in blue.


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