Bank of Montreal (T.BMO), Bank of Nova Scotia (T.BNS), TD Bank (T.TD) and National Bank (T.NA) reported their Q3 2018 results this week.
It was all good news, as BMO’s third-quarter results topped analyst expectations, boosted by the bank’s expansion south of the border. Its U.S. segment contributions increased 28% of the bank's total earnings in 2018, up from 24% in 2017.
Despite international trade concerns, Scotiabank posted a 5% increase in earnings, helped by growth in its domestic and international businesses.
Also boosted by growth in U.S. business was TD Bank, who reported a 12% increase in profits of nearly $3.11 billion in its latest quarter, up from $2.77 billion in the same quarter last year.
National Bank also beat expectations reporting a 10% increase in profits for Q3.
The results from the four banks follow Royal Bank (T.RY) and CIBC (T.CM), which both reported profits that beat expectations and raised their dividends last week .