TD made $7,883,000,000. Scotiabank, $7,881,000,000. CIBC, $7,459,000,000. BMO, 4,333,0000.
$36,560,000,000. After expenses. Let that sink in.
You can make a few million-dollar mistakes and still come out okay. Heck you can lose billions and be too big to fail.
Banks make their money from loans. Your mortgage, your car loan, your line of credit. But this article makes a point to deliver the real winner, overdraft fees. Move over payday loans. There’s a new thief in town.