Q3 2018 Bank Earnings

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.


1 view0 comments
Recent Posts
Quick links