Growth in fee-based revenues and net interest income drove improved results in wealth management
Deal volume up, value soared driven by more "mega" deals
Asset quality, capital expected to remain strong
DBRS estimates $27 billion in capital needed to keep ratios at current levels
The move continues consolidation in the Canadian banking industry
Easing financial pressures are expected to slow decline in credit quality, boost loan demand
Open banking, fintech can enhance innovation, DBRS Morningstar says
Environment, executive compensation and governance issues highlight the big banks' upcoming proxy season
Upfront spending weighs on banks' bottom lines, despite revenue growth
Revenue for the quarter totalled $2.71 billion, up from $2.56 billion in the same quarter last year