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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Wall Street Fundamentals Releases New In-Depth Stock Reports on BMO, BNS, CM and RY

ACCESSWIRE

Despite battling a low interest rate environment four of the six biggest Canadian banks - Bank of Montreal, National Bank of Canada, Canadian Imperial Bank of Commerce and Royal Bank of Canada – posted record quarterly profits for the quarter ended July 31st, 2013. All six banks topped analysts’ expectations. "We are continuing to see loan growth in Canada at probably a bit of a higher pace than many would have expected," said Barclays Capital analyst John Aiken. "The banks are doing an exceptionally good job of managing their costs so those provide some pretty significant leverage to the bottom line with revenues come in stronger than what had been expected," Mr. Aiken added.

Bank of Montreal (NYSE:BMO - News)(TSX:BMO.TO - News) shares traded in the range of $63.12 to $63.93 Wednesday before settling to close at $63.65, an increase of 0.70 percent. The stock appears to be facing some resistance at $64.12 with some support at the $63.57 and $63.15 levels. Shares of Bank of Montreal have gained approximately 3.8 percent in 2013.

More information on Bank of Montreal and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BMO

The Bank of Nova Scotia (NYSE:BNS - News)(TSX:BNS.TO - News) shares traded in the range of $55.45 to $56.04 Wednesday before settling to close at $55.81, an increase of 0.32 percent. The stock appears to be facing some resistance at the $56.34 and $56.66 levels with some support at $55.50. Shares of The Bank of Nova Scotia have fallen approximately 3.5 percent in 2013.

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More information on The Bank of Nova Scotia and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BNS

Canadian Imperial Bank of Commerce (NYSE:CM - News)(TSX:CM.TO - News) shares traded in the range of $77.98 to $78.37 Wednesday before settling to close at $78.14, an increase of 0.27 percent. The stock appears to be facing some resistance at the $79.50 and $80.02 levels with some support at $77.84. Shares of Canadian Imperial Bank of Commerce have fallen approximately 3.0 percent in 2013.

More information on CIBC and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CM

Royal Bank of Canada (NYSE:RY - News)(TSX:RY.TO - News) shares traded in the range of $61.97 to $62.59 Wednesday before settling to close at $62.40, an increase of 0.39 percent. The stock appears to be facing some resistance at $63.70 with some support at the $62.04 and $61.32 levels. Shares of Royal Bank of Canada have gained approximately 3.5 percent in 2013.

More information on Royal Bank of Canada and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RY

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com