Big Six banks lift reserves and dividends as profits diverge in second quarter

Four of Canada’s Big Six banks beat analyst expectations in the second quarter ending April 30, as they navigated economic uncertainty with higher loan loss provisions and rising capital buffers, according to The Globe and Mail. 

Toronto-Dominion Bank, Bank of Montreal, National Bank of Canada, and Canadian Imperial Bank of Commerce posted stronger-than-expected results, while Royal Bank of Canada and Bank of Nova Scotia missed estimates. 

As credit stress builds among Canadian consumers and businesses, analysts were watching for signs of resilience, capital strength and margin trends across core banking segments.