Sean B. Pasternak

Sean B. Pasternak

@seanbpasternak Financial Services Reporter
Bloomberg News
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Bloomberg News vet. The world's funniest financial-services reporter. Proud Canadian. Father of the year 11 years running. Cultural icon. Not that I'm bragging.
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Business and Finance, U.S.

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Canadian Finance Minister Jim Flaherty, Peter Kent and other officials at the announcement of a new GTA 'Urban Park' http://t.co/gPyiqHj2

seanbpasternak: Canadian Finance Minister

May 25, 2012 - twitter.com
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Canada Bank Earnings May Be ‘as Good as it Gets’ - Bloomberg via @BloombergNow http://t.co/hPs0Pz47

Canada Bank Earnings May Be ‘as Good as it Gets’

May 25, 2012 - bloomberg.com
Canada Bank Earnings May Be ‘as Good as it Gets’ By Sean B. Pasternak and Doug Alexander - 2012-05-25T04:00:01Z For Canadian banks, ranked the world’s soundest, it may not get any better than this. Domestic banking profit growth will slow in the second half of the year as household debt rises and concerns about a crisis in Europe curb demand for loans, even as some of the lenders report better-than-expected second-quarter earnings. “It’s pretty much as good as it gets when it comes to the Canadian banking segment,” said Tom Lewandowski, a bank analyst at Edward Jones & Co. in St. Louis. “I don’t think that’s going to continue where consumer debt levels are.” Canadians may slow their borrowing with household debt at record highs ... Continue reading →
Canaccord Genuity has added $TD to its Focus List and removed $RY. #Canadianbankearnings
$BMO lowers its five-year fixed closed rate to 5.34 %
On a conference call, $TD CEO Ed Clark said the U.S. economy likely won't be impacted at this point by upheaval in Europe.
RBC shares having their biggest one-day decline in about seven months. $RY #Canadianbankearnings
KBW's Klock on $TD: "Core Canadian and U.S. franchises continue to perform well through a challenging lending environment."
$TD up and $RY down at the opening bell in Toronto trading. #Canadianbankearnings
$RY CEO Gord Nixon favors dividends over buybacks in current environment. For a recent TV interview with Nixon: http://t.co/oClIqMzM

RBC Sees Opportunity in European Business, CEO Says

May 24, 2012 - bloomberg.com
RBC Sees Opportunity in European Business, CEO Says May 10 (Bloomberg) -- Gordon Nixon, chief executive officer of Royal Bank of Canada, talks about the impact of Europe's debt crisis on the bank. Nixon speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg) TV Channel Finder ZIP is required for U.S. locations Bloomberg Television in change Continue reading →
RBC, Toronto-Dominion Post Higher Profits on Loans http://t.co/v6q1umHR

RBC, Toronto-Dominion Post Higher Profits on Loans

May 24, 2012 - bloomberg.com
U.S. Initial Jobless Claims Fell 2,000 to 370,000 Last Week RBC, Toronto-Dominion Post Higher Profits on Loans By Doug Alexander and Sean B. Pasternak - 2012-05-24T12:09:42Z Royal Bank of Canada and Toronto- Dominion Bank (TD), the country’s two-largest lenders by assets, posted higher profit in the second quarter on a rise in consumer lending. Royal Bank said profit from continuing operations, excluding a loss from its investment in RBC Dexia Investor Services, rose 4.9 percent to C$1.77 billion ($1.73 billion), or C$1.15 a share. Toronto-Dominion, the second-largest bank, said profit rose 21 percent to C$1.69 billion, or C$1.78 a share. Toronto-Dominion beat analysts’ estimates, while Royal Bank missed by a penny. Royal Bank posted higher earnings from Canadian consumer banking on growth in deposits, mortgages ... Continue reading →
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