Story perspectives

Canadian Banks Surge: RBC, TD, CIBC Beat Profit Forecasts

2/27/2026

Summary

Story summary

Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), and Canadian Imperial Bank of Commerce (CIBC) posted strong first-quarter profits and beat expectations.
RBC posted a profit of C$5.79 billion, driven by personal banking and capital markets.
TD posted a profit of C$4.04 billion, aided by higher trading revenue.
CIBC posted a profit of C$3.10 billion, bolstered by business banking.
RBC noted a rise in impaired loans, prompting higher credit-loss provisions.

1 of 1

Story summary

Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), and Canadian Imperial Bank of Commerce (CIBC) posted strong first-quarter profits and beat expectations.
RBC posted a profit of C$5.79 billion, driven by personal banking and capital markets.
TD posted a profit of C$4.04 billion, aided by higher trading revenue.
CIBC posted a profit of C$3.10 billion, bolstered by business banking.
RBC noted a rise in impaired loans, prompting higher credit-loss provisions.