Dexia SA’s planned breakup raises the prospect of a takeover of some businesses by Royal Bank of Canada, Barclays Capital analyst John Aiken said.
Canadian Imperial Bank of Commerce will probably post its first profit decline in more than four years after selling half of a key credit-card business and taking a writedown on its Caribbean banking operations.
Canadian banks reinforced their appeal to investors seeking higher yields amid persistent low interest rates as three of the country’s largest lenders raised quarterly dividends.
"Advisory fees were a big factor in supporting earnings this quarter."
- John Aiken on Aug 28, 2014