At TD, PCL for the quarter was $891 million, an increase of $221 million or 33 per cent, compared with the fourth quarter last year. At CIBC, PCL rose 52 per cent to $402 million from $264 million a year earlier. YOU MIGHT BE INTERESTED IN...Analysts had estimated $3.06 per share of adjusted profit, according to financial markets data firm Refinitiv. However, our higher provisions for credit losses this quarter affected our bottom line results,” CIBC chief executive Victor Dodig told analysts. An earlier version provided incorrect information about TD’s provision for credit losses.

Source: thestar December 05, 2019 12:33 UTC