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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (72000)	12/5/2019 8:53:09 AM
From: Goose94	Read Replies (1) \| Respond to of 202705

TSX: TD (TD-T), CIBC (CM-T) report big profit misses Is this the day bank bears were waiting for? Toronto-Dominion and Canadian Imperial Bank of Commerce reported fourth-quarter profits this morning that not only fell significantly short of profit expectations, but also deteriorated from year-ago levels. Plenty to sift through. At TD, there’s a $114-million after-tax restructuring charge, a 36 per cent spike in loan loss provisions, and a sharp drop in profit from wholesale banking. For its part, CIBC saw provisions jump 38 per cent sequentially and posted a rarely-seen drop in core Canadian banking profit. Credit Suisse Analyst Mike Rizvanovic described CIBC’s quarter as “very weak” and that the credit-related woes “will be concerning to many of the bank’s shareholders.” BNN.ca