As profits rise, banks boost capital strength, dividend payout ratios
The bank's profit amounted to 76 cents per diluted share for the quarter ended Jan. 31
The bank's wealth management and capital markets businesses helped push the profit up from $1.29B a year ago
The bank's Q1 profit was down from a year ago
Quarterly mutual fund sales through the advisor network were up 45% year over year
Provision for credit losses rose for CWB ahead of its acquisition by National Bank of Canada
The bank says it will put out its year-end results in mid-December
The banks reported mixed results this week
The bank's profit level is up about $10M from the same period last year
Revenue for the quarter totalled $6.62 billion, up from $5.85 billion in the same quarter last year