Core Insights - Canadian banks have reported strong quarterly earnings, generally exceeding estimates and resulting in significant stock price increases [1][2] - Despite challenges in the Canadian economy, banks are successfully generating higher revenues and profits, partly due to their substantial operations in the U.S. market [1] - The Canadian banking sector has shown impressive long-term performance, often outperforming the U.S. stock market [8] Earnings Performance - TD Bank reported a revenue decline to $15.49 billion, down 0.1% year over year, but adjusted earnings per share increased by 26.7% to $2.18 [8] - Royal Bank of Canada achieved revenue growth of $17.21 billion, up 14.2% year over year, with adjusted earnings per share rising by 25% to $3.85 [9] - Scotiabank's revenue grew to $9.8 billion, up 14.8% year over year, with adjusted earnings per share increasing by 22.9% to $2.56 [11][12] - Bank of Montreal reported revenue growth of $9.34 billion, up 4.2% year over year, and adjusted earnings per share surged by 72.6% to C$3.28 [14] - CIBC's revenue increased to $7.58 billion, up 14.5% year over year, with adjusted earnings per share rising by 16% to C$2.21 [16] - National Bank's revenue grew to $3.7 billion, up 25.9% year over year, with adjusted earnings per share increasing by 9% to C$2.82 [18] Market Performance - The Canadian banking sector ETF, ZEB-T, saw a weekly increase of 3.01% [7] - Individual bank stock performances for the week included CIBC up 4.78%, Royal Bank up 4.52%, TD Bank up 3.95%, Scotiabank up 2.66%, Bank of Montreal up 1.39%, and National Bank up 1.07% [10]