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0 0.000265041081367559 -0.000487675589716399 -0.000795123244102866 -0.00212032865094104 -0.00185528756957329 0.000132520540683685 0.000132520540683685
Stock impact report

Flush with cash, Canadian banks poised for expansion and takeovers [Business News Network (BNN) Energy & Resources (Canada)]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Flush with cash, Canadian banks poised for expansion and takeovers Canadian banks have amassed their biggest war chest in five years -- and they’re ready to use it. The country’s six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada’s big banks weighing options. “It’s great to have this capital flexibility," Royal Bank of Canada Chief Executive Officer David McKay told reporters last week after the country’s largest lender held its annual meeting in Toronto. “We’ll continue to return capital, we’ll continue to grow and we have flexibility with our strong capital ratios to make an acquisition if necessary." The average of the banks’ common equity Tier 1 Capital ratio, a measure of financial strength, stands at 11 per cent and would be 11.4 per cent after adjusting for capital requirement revisions made this year by Canada’s bank regul Show less Read more
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