Canadian bank stocks
Live delayed prices for Canada's Big Six banks plus the largest alternative lenders, with net interest margin, provisions for credit losses and CET1 capital explained for retail investors.
Six institutions hold the overwhelming majority of Canadian banking assets, and their oligopoly position, regulatory oversight by OSFI and long dividend records make them the default core holding in Canadian portfolios. They report quarterly on a fiscal year ending in October, which puts their results out of step with most of the market.
Three numbers matter each quarter: net interest margin, which shows what the bank earns on the spread between deposits and loans; provisions for credit losses, which show what management expects to lose; and the CET1 capital ratio, which sets how much room the bank has to buy back shares or raise its dividend.
7 companies in this screen
Delayed or previous-close prices. Not investment advice.
Data last updated: (20 h ago)· Delayed exchange data
| Company | Symbol | Price | Change | Why it is here |
|---|---|---|---|---|
| Royal Bank of CanadaTSX | RY.TO | 284.45 CAD | −0.48(−0.17%)down | Largest Canadian bank, with capital markets and wealth management scale. |
| Toronto-Dominion BankTSX | TD.TO | 171.48 CAD | +1.11(+0.65%)up | Large US retail footprint alongside its Canadian franchise. |
| Bank of Nova ScotiaTSX | BNS.TO | 131.63 CAD | −0.03(−0.02%)down | The most internationally exposed of the six, weighted to the Pacific Alliance countries. |
| Bank of MontrealTSX | BMO.TO | 244.31 CAD | +1.07(+0.44%)up | Longest continuous dividend record in Canada, with a large US midwest presence. |
| CIBCTSX | CM.TO | 161.03 CAD | +1.98(+1.24%)up | The most domestically concentrated of the Big Six, and therefore the most housing-sensitive. |
| National Bank of CanadaTSX | NA.TO | 213.08 CAD | +2(+0.95%)up | Quebec-centred bank, the smallest of the six. |
| EQB Inc.TSX | EQB.TO | 124.18 CAD | −1.21(−0.96%)down | Alternative lender and digital bank operating outside the Big Six. |
Frequently asked
- Who are Canada's Big Six banks?
- Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, CIBC and National Bank of Canada.
- When do Canadian banks report earnings?
- They report on an October fiscal year end, so quarterly results land in late February, late May, late August and early December — usually within the same week.
- What is CET1 and why does it matter?
- Common Equity Tier 1 is the core capital ratio the regulator monitors. A ratio comfortably above the requirement gives a bank room for buybacks and dividend increases; a thin one constrains both.