According to the Financial Post:

http://www.financialpost.com/reports...

I especially liked the following quote from the article:

"I think the pessimism going into the quarter was a little bit overdone," said Juliette John, lead manager of the Bissett Dividend fund. "In the banks that reported yesterday as well as today, the worst-case scenario has not materialized. CIBC was not as bad as it could have been and with Royal and TD, their businesses are actually in very good shape. Across the board capital levels are all very strong."

Ms. John predicts that next fiscal year will see a return to more normal times with dividend growth and stronger earnings."

Happy Trails,

-B1-