The bank reported third-quarter profit of $36.2 million
Company bests expectations but profit is still down
The bank earned $2.25 billion in the quarter, down from a profit of $3.25 billion a year earlier
The bank earned $1.17 billion in its third quarter, down from nearly $1.4 billion a year earlier
The bank slowed down on provisions for credit losses as payment deferral requests dropped
The fall season will be a "challenging" time for the economy, the CEO says
But the financial sector saw net income increase by more than 6% before taxes
Most of the decline is tied directly to the pandemic
Net income for the bank’s wealth management business increased 37% year over year
Strong results in global banking, wealth management offset hit to retail banking