Scotiabank grew earnings per share 21% last quarter. BMO grew 22%. Both used the word record. Neither was exaggerating. This is the best week of the summer if you own Canadian banks, and it started about as well as it could have. I went through both quarters line by line looking for a problem. In the operations, I could not find one. I found something else instead. It is not in the results. It is in the price. Here is the short version. The growth is real. Most of it came from two …
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