It’s been a surprisingly good week for shareholders of the “big 6 banks” of Canada. All of the banks have reported higher third-quarter profits, up 45% from a year ago.
Surpassing all analysts estimates, collectively reporting a net income of 7.8 billion. They all ended up boosting their quarterly dividends.
For more information, please read cbc.ca’s article here http://www.cbc.ca/news/business/story/2012/08/30/banks-profits-dividends.html
Enjoy the weekend folks!