Robert Sedran

Manulife Profit Declines as Insurance Sales Fall

Manulife Financial Corp., Canada’s largest insurer, said first-quarter profit dropped 56 percent on charges related to equity markets and interest rates, and as insurance sales in Asia and Canada declined.

Canadian Imperial Most Likely Buyer of CI Financial, Analyst Sedran Says

Canadian Imperial Bank of Commerce is the likeliest buyer of CI Financial Corp. should Bank of Nova Scotia sell its minority stake in the money manager, CIBC World Markets analyst Robert Sedran said.

World’s Soundest Banks See Lower Profit: Corporate Canada

Canada’s banks, the most stable in the world, will probably post the lowest profit growth in two quarters as consumer lending eases and spending subsides ahead of a potential housing slowdown.

BMO Doubles U.S. Earnings on Wisconsin Bet

Bank of Montreal has spent 28 years trying to make inroads in the U.S. Midwest. The efforts of Canada’s fourth-largest lender are starting to pay off, thanks to its C$4.1 billion ($3.98 billion) takeover of Marshall & Ilsley Corp. in Wisconsin.

TD Card Deal Caps $20 Billion in Canadian Bank Purchases

Toronto-Dominion Bank’s agreement to buy Bank of America Corp.’s credit-card business in Canada caps a $20 billion buying spree for Canadian lenders taking advantage of their relative strength to pick up assets from U.S. firms.

Bank of Montreal Plunges After Quarterly Profit Misses Analysts' Estimates

Bank of Montreal ’s stock plunged the most in 20 months after quarterly profit missed analysts’ estimates for the first time in two years on a decline in trading and investment banking revenue.

Canadian Lenders’ Investment-Banking Revenue to Fall on European Crisis

Canadian lenders including Royal Bank of Canada and Bank of Montreal may report lower revenue from investment banking in the fourth quarter as capital markets activity slows amid the European debt crisis.

Bank Profit Growth Rises on Business Loans: Corporate Canada

Canadian banks, including Royal Bank of Canada and Bank of Montreal, will post higher profit in the fiscal second quarter as a firming economy fueled loans to consumers and businesses, analysts said.

Canadian Banks Grow Amid Cutbacks in London-New York

Royal Bank of Canada is among lenders bucking job-cutting trends in the U.S. and Europe as acquisitions help swell head count at Canada’s biggest banks.

Consumer Debt Eroding Canada Banks’ Edge as S&P Cuts Outlook

Canadian banks are underperforming global counterparts by the most in a year as record consumer debt and a housing market that’s vulnerable to a correction weakens their earnings prospects and risks a credit downgrade.

"Fears of an outright housing crash will continue to weigh on investors, given the experience in the United States and across the world where stretched markets did indeed crash."

- Robert Sedran on Aug 21, 2012

Canada

World Economic Forum

CIBC World Markets

Soros Joins Gold-Stake Cuts Before Bear Market Drop

Fiat Mulling U.S. Headquarters Bolsters Industry’s Revamp

European Stocks Little Changed Near Five-Year High

Gold Futures Head for Longest Slump in 16 Months

Tesla Plans Sale of Shares, Debt to Repay U.S. Loans