What to Expect From the Canadian Banks Next Week

The Canadian banks are set to serve up the grand finale of earnings season.

| More on:

Earnings season is winding down, but for many Canadian investors, the best is yet to come.

Starting with TD Bank (TSX:TD) on Thursday, the Canadian banks will report 2nd quarter results over the next two weeks.  Given the attention that this country’s housing market has recently received from hedge fund types south of the border, this quarter may be more heavily scrutinized than most.

Tabled below are the current consensus earnings estimates and release dates for each of the banks that report over the next two weeks.

Company Name

Exp. EPS

vs. Q2’12


TD Bank (TSX:TD)




National Bank (TSX:NA)




Bank of Nova Scotia (TSX:BNS)




Bank of Montreal (TSX:BMO)




Royal Bank (TSX:RY)








Source:  Capital IQ

Perhaps more important than the past quarter’s earnings will be an indication of what lies ahead.  Every ounce of housing related information that the banks release is sure to be magnified and scrutinized by the masses.

Even if the banks report a solid quarter and indicate that housing market is sound there are two things that they can do to really stick it to their doubters.

Either hike their dividends or start buying back stock.

Actions speak louder than words and if any bank is so bold as to undertake either of these initiatives, they are likely to be declared the winner of this earnings round.

Canadian index funds can be lethal for your portfolio.  If you own or are thinking of purchasing a Canadian index fund, you need to click here to receive our special FREE report “Buy These 5 Companies Instead of Following a Flawed Piece of Advice”.  Your portfolio will thank you for reading this report!

Follow us on Twitter and Facebook for the latest in Foolish investing.

Fool contributor Iain Butler does not own any of the companies mentioned in this report.  The Motley Fool doesn’t own shares in any of the companies mentioned.   

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

More on Investing

edit Sale sign, value, discount

3 Undervalued TSX Stocks You Can Buy at a Screaming Discount

The Canadian stock market might be on the rise, but there are still deals to be had. Here are three…

Read more »

money cash dividends
Stocks for Beginners

The Best Stocks to Buy With $500 Right Now

Do you have $500 to spare after your Christmas shopping? Here are three top Canadian stocks that are primed to…

Read more »

tsx today
Energy Stocks

TSX Today: What to Watch for in Stocks on Thursday, December 8

TSX stocks may remain volatile ahead of the U.S. inflation data and the Fed’s interest rate decision, which are due…

Read more »

Dividend Stocks

Enbridge Is a High-Yielding Canadian Dividend Stock to Buy Now and Own Forever

Are you looking for a high-yielding Canadian dividend stock to buy? Enbridge (TSX:ENB) has plenty to offer investors.

Read more »

sale discount best price
Stocks for Beginners

3 TSX Growth Stocks You Can Buy at a Screaming Discount

These three growth stocks remain screaming buys, given their track records of growth and future opportunities for investors.

Read more »

Retirees sip their morning coffee outside.
Dividend Stocks

Why I’d Buy These 2 Healthcare Stocks Today (Besides the Cheap $10 Price)

Two small-cap stocks trading under $10 worth buying right now as promising healthcare plays in 2023.

Read more »

woman data analyze

Better Buy: Telus Stock or BCE?

Telus (TSX:T) and BCE (TSX:BCE) are dividend-growth stocks that seem like worthy pick-ups ahead of a recession year.

Read more »

Silver coins fall into a piggy bank.
Dividend Stocks

3 Dividend Stocks to Build Wealth in the New Year

These dividend stocks have proven they're set up for a strong future and have dividends you'll want to lock up…

Read more »