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Big Bank Earnings Are In: What They Reveal About Your Mortgage Stress

  August 26, 2026 Canada's biggest banks are in the middle of reporting Q3 2026 results, and so far the headline numbers look strong. BMO and Scotiabank both beat analyst estimates this week, and National Bank of Canada reported this morning. RBC, TD, and CIBC follow Thursday, closing out the sector's earnings season. But the number that actually matters to most Canadians isn't profit — it's what the banks are setting aside for loans that might go bad, and what they're saying about who's struggling to keep up. That's where the picture gets more interesting than the headlines suggest. The headline numbers BMO kicked off the week with adjusted profit up 22% year-over-year and return on equity climbing to 14%, with the bank reiterating its target of 15% ROE by the end of fiscal 2027. Scotiabank posted what CEO Scott Thomson called a record quarter: net income of $3 billion, up 21% year-over-year, with adjusted ROE hitting 14.2% — clearing the bank's own med...
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Wall Street Steadies as Earnings Season Gains Momentum Amid Trade Tensions

 

U.S. stock futures edged higher Tuesday morning, signaling a cautious rebound as Wall Street digests a whirlwind of economic and geopolitical developments. After a volatile week marked by a weak jobs report, fresh tariffs, and political shakeups, investors are now turning their attention to corporate earnings and looming trade threats.

Futures Movement

  • Dow Jones Industrial Average: Hovered near the flatline
  • S&P 500: Rose 0.2%
  • Nasdaq 100: Gained 0.3%

Corporate Highlights

  • Palantir (PLTR) surged in premarket trading after reporting over $1 billion in quarterly revenue for the first time, beating expectations.
  • Pfizer (PFE) climbed 2% after posting earnings per share of $0.78 on $14.7 billion in revenue, surpassing Wall Street forecasts.

Earnings on Deck Major players set to report this week include:

  • Tuesday: AMD, Rivian
  • Wednesday: McDonald’s, Disney

Trade Tensions Escalate President Trump intensified trade pressure by threatening increased tariffs on India, particularly targeting its continued import of Russian crude. These threats come ahead of a new round of global tariffs expected to take effect later this week.

Global Signals Despite reporting a slowdown in July sales, Nvidia’s key partner Hon Hai Precision saw its Taiwan-listed shares rise 2%, reflecting investor optimism in tech resilience.

As Wall Street braces for more earnings reports and geopolitical developments, investors remain cautiously optimistic, hoping strong corporate performance can offset macroeconomic uncertainty.


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