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0 0.00059375371096066 0.00249376558603484 -0.00106875667972929 0.00285001781261127 -0.00035625222657643 -0.00380002375014853 -0.0034437715235721
Stock impact report

Canadian Banks' Ratings Affirmed by Fitch, TD Bank Outlook Cut [Yahoo! Finance]

Bank Of Montreal (BMO) 
Last bank of montreal earnings: 2/25 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Bank of Commerce CM, National Bank of Canada, Toronto-Dominion Bank TD and Royal Bank of Canada RY – have been reiterated by Fitch Ratings. The rating agency affirmed Long-Term Issuer Default Ratings (IDR) of BMO, BNS, CM, TD and RY at AA-, while National Bank of Canada's Long-Term IDR was maintained at A+. Further, the rating outlook for all the banks (except TD) has remained stable. The rating outlook for Toronto Dominion has been revised to negative from stable because of uncertainties stemming from regulatory investigations into TD's anti-money laundering practices in the United States. Reasons Behind Ratings Affirmation Fitch's decision to affirm the ratings reflects confidence in the fundamental strength of Canada-based banks despite facing elevated interest rates. Stable economic conditions are expected to support bank credit fundamentals and financial performance indicators. Economic Forecasts: Fitch's most recent Global Economic Outlook forecasts Canada's GDP growth Show less Read more
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