Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Scotiabank posts $1.7 billion profit in first quarter, raising dividend
– canadianbusiness.com
TORONTO – Bank of Nova Scotia (TSX:BNS) had $1.709 billion of net income in the first quarter, up 6.5 per cent from a year earlier.
The profit amounted to $1.32 per common share, up from $1.24 per share a year earlier.
Scotiabank also says the dividend on its common shares will go up three per cent to 64 cents.
That’s a gain of two cents per share, starting April 28.
Scotiabank is the last of Canada’s big banks to report financial results for the three months ended Jan. 31.
All of the banks reported stronger profits compared with the last year’s first quarter.
The post Scotiabank posts $1.7 billion profit in first quarter, raising dividend appeared first on Canadian Business.
The profit amounted to $1.32 per common share, up from $1.24 per share a year earlier.
Scotiabank also says the dividend on its common shares will go up three per cent to 64 cents.
That’s a gain of two cents per share, starting April 28.
Scotiabank is the last of Canada’s big banks to report financial results for the three months ended Jan. 31.
All of the banks reported stronger profits compared with the last year’s first quarter.
The post Scotiabank posts $1.7 billion profit in first quarter, raising dividend appeared first on Canadian Business.
Banks show restraint on mortgage rates one year after Flaherty's warning
– theglobeandmail.com
After last year’s mortgage rate cuts raised the ire of the Finance Minister, lenders are avoiding the usual spring contest to attract borrowers
