Canadian banks came out with earnings this week, but all eyes were set squarely on Toronto-Dominion Bank (TSX:TD) and Royal Bank of Canada (TSX:RY). The pair holds the top spot in terms of assets under management (AUM), with Royal Bank stock still holding number one in terms of market cap.
But after earnings, which could be the better buy for investors? Let’s look at those earnings and consider the future of these bank stocks.
Into earnings
When it came to net income, RBC stock certainly came ahead during its first-quarter performance this week. Net income was up 14% year over year, with adjusted net income down just 5%. Meanwhile, TD stock reported net income up 79% year over year, yet adjusted was down 12%.
While RBC stock reported net income growth seems lower, adjusted shows that it had quite a small decline compared to TD stock. This indicates that there is the potential for more consistent growth. Revenue growth was also…
