Banks Based on Total Assets and Market Capitalization

Document Type:Coursework

Subject Area:Finance

Document 1

7 Royal Bank of Canada 7 Toronto-Dominion Bank 7 The Bank of Nova Scotia 8 The Bank of Montreal 9 The Canadian Imperial Bank of Commerce 10 Data and Methodology. 10 Empirical Results. 11 Conclusion………………………………………………………………………………. 11 References………………………………………………………………………………. 14 LIST OF FIGURES Figures 1. Provided that Canada is a country rich in substantial natural resources, the TSX contains more energy and mining corporations and private entities than any other exchange in the world. The securities available comprise of consolidated assets, and many more exchange-traded funds, investment pools, and split share entities, income trusts which offer global depositors with various investment alternatives. The trading activities end at 4:00 p. m. and start at 9:00 a. 99 1,475,123,916 $144,989,929,703 TD Toronto-Dominion Bank $69. 40 1,859,749,030 $129,475,727,468 BNS The Bank of Nova Scotia $79. 40 1,209,451,582 $ 96,707,748,496 BMO Bank of Montreal $102. 75 648,669,628 $66,715,671,239 CM Canadian Imperial Bank of Commerce $119. 38 397,841,070 $47,422,655,544 The table above shows the current transactions as at March 2017, the leading bank as per that date is the Royal Bank of Canada.

Sign up to view the full document!

2 trillion and has numerous subsidiaries such as RBC Capital Markets, RBC Dominion Securities, and many more. RBC dispenses services through five divisions namely, commercial and personal banking, insurance, wealth administration, capital markets, and treasury and investor services. In 2016, RBC posted impressive operating proceeds across all business units and viable credit standard. Additionally, on November 3, 2015, the bank finalized the takeover of City National Corporation, the parent agency for City National Bank. The purchase gave it an extension stage for future development in the neighbouring United States. TD Securities (TDS) attained a total revenue of $920 million and return on investment of 15% in 2016. TDS expanded collective credits by 27% and further grew its U. S. client offerings and capabilities through maintaining top three supplier footing in Canada in essential commodity markets, and accomplished the number one position worldwide in Thomson Reuters Analyst Awards for equity research.

Sign up to view the full document!

Additionally, TD emerged best in Canadian mobile banking with its unique users equalling the highest grossing number ever recorded according to Comscore. 76 billion, with total assets reaching $715 billion in value. Today, it stands as the third most-profitable bank in Canada and provides a broad category of services. The bank's most significant focus of business remains back home in Canada, where it gives banking solutions through a national matrix of five call centers, business and commercial centers, and approximately 1,000 branches. The firm does business on the New York, London Stock Exchanges, and Toronto, and is the best contributor to pecuniary utilities in the Caribbean. It also boasts the most extensive Asian connection compared to other Canadian banks and is fully operational in the Latin American market through outlets in Costa Rica, Chile, El Salvador, and Mexico, and subsidiaries in Venezuela and Peru.

Sign up to view the full document!

85 and the dividend yield at 3. The Bank of Montreal every day share prices entail associated data and are relied on only for information needs. The information is gathered and presented by Bell Globe media Publishing Inc. and, appropriately, BMO Financial Group does not offer a warranty or any representation, directly or implicit, concerning the accuracy, completeness or timeliness of such information. The magnitude, low, closing, and high Prices have been balanced to cater for any stock dividends and stock splits which may have taken place for this security in the interval displayed in the table above. Data and methodology The research design used relied on peer-reviewed articles and journals published within the past two decades. Articles concerning Toronto Stock exchange is not new hence the use of primary research was not used.

Sign up to view the full document!

Relying on secondary research material was a way of saving time, and they also gave the correct information about the top five banks in Canada. The articles contained empirical results from several and different authors while the oldest material used published in 2001 and the latest one in 2010. They both indicated similar figures and supported the validity of the hypothesis. The Desjardins Group effortlessly retained its second position, while the Canadian Imperial Bank of Commerce attained the 15th and Royal Bank of Canada in 18th place. Table of bank average dividend payments to shareholders since 2010 in Canadian dollars Rank Bank 4/10/2017 2016 2015 2014 2013 2012 2011 2010 Dividend yield 1 Toronto-Dominion Bank 0. 54% 2 Royal Bank of Canada 0. 39% 3 Bank of Nova Scotia 0. 95% 4 Bank of Montreal 0. Corporate Finance Institute. Retrieved 8 January 2018, from https://corporatefinanceinstitute.

Sign up to view the full document!

From $10 to earn access

Only on Studyloop

Original template