The TSX finished the day off at 12593 today, up 0.44% from Monday. The gains were lead by infotech and metals & mining.

Financials finished the day at 180.60, down 0.47% for the day. Beside financials were utilities and telecom as the losers. http://tmx.quotemedia.com/marketsca.php?locale=EN

Symbol	Price	Change	% Change
NA.TO	67.84	-0.89	-1.29%	NATIONAL BANK OF CANADA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
CM.TO	79.05	-0.36	-0.45%	CANADIAN IMPERIAL BANK OF COMME 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
RY.TO	54.95	-0.43	-0.78%	ROYAL BANK OF CANADA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
TD.TO	74.69	-0.14	-0.19%	TORONTO-DOMINION BANK 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
BNS.TO	53.22	-0.22	-0.41%	BANK OF NOVA SCOTIA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
BMO.TO	60.20	-0.17	-0.28%

http://ca.finance.yahoo.com/

Financials pulled back hard at the end of the day, despite the fact that the National Bank of Canada (TSX: NA) announced a 19% increase in Q4 profitability over the previous year. AND a dividend increase of 6.5%. Tough crowd. You’ll note that this is what I predicted on Sunday (insert pat on the back hereJ)

http://www.reuters.com/article/idUSN3017473220101130?feedType=RSS&feedName=financialsSector&rpc=43

US Financial sector was also cut really deep today, with Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM) taking the strongest hits – down 3.18% and 1.35% respectively.

http://stockcharts.com/scripts/php/candleglance.php?C,JPM,WFC,BAC,RY,TD,BNS,$DJUSBK

Next up: earnings announcements from TD and CM on Thursday. Stay tuned.

The Six Big Canadian Banks

The TSX closed Friday down 0.41%.

The losses were drawn down most heavily by the energy, metals & mining and info tech sectors.

Financials were down 0.30%, lead by TD and RY.

Symbol	Price	Change	% Change
NA.TO	68.58	+0.56	+0.82%	NATIONAL BANK OF CANADA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
BMO.TO	60.57	+0.31	+0.51%	BANK OF MONTREAL 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
BNS.TO	53.59	-0.20	-0.37%	BANK OF NOVA SCOTIA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
TD.TO	74.81	-0.50	-0.66%	TD US Small-Cap Equity - I 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
RY.TO	55.00	-0.29	-0.52%	ROYAL BANK OF CANADA 1d 5d 3m 6m 1y 2y 5y max News Profile Key Stats Add to Portfolios Set Alert
CM.TO	79.06	+0.17	+0.22%

Friday's chart for the TSX financial sector shows that it came out unscathed by the Ireland bailout request.

http://tmx.quotemedia.com/charting.php?qm_page=26893&qm_symbol=^TTFS








In the week ahead, look for the following earnings announcement dates from each of the big 6.
http://www.bnn.ca/News/2010/11/26/Will-Canadian-banks-provide-a-year-end-surprise.aspx


November 30, 2010 NA.TO
December 2, 2010 CM.TO
December 2, 2010 TD.TO
December 3, 2010 BNS.TO
December 3, 2010 RY.TO
December 7, 2010 BMO.TO

Earnings for all financials are expected to be up, however the gains may not be reflected in the stock prices. The earnings may already be built into each bank, as the stock price has consistently rose for the past three months.

Since September, shares of CIBC have performed the strongest, gaining 9.82%, followed by Royal Bank of Canada, up 9.13%, followed by BMO, up 5.16%, TD at 4.21% and BNS, up 3.00%.