Bank of Nova Scotia posts 4Q profit

Bank of Nova Scotia posts 4Q profit

In Scotiabank's global arm, profit climbed by 11 per cent to $605-million, as the impact of hurricanes that battered its Caribbean operations were mostly offset by gains from the sale of a retail loan portfolio in the region. CIBC's Robert Sedran: "We had been anticipating a weak close to the capital markets year for the group and, at least so far, that is what we have gotten".

Scotiabank held its quarterly dividend steady at 79 cents per share.

Even still, the bank reported a almost 11 per cent increase in net income for the fiscal year to $8.24 billion up from $7.37 billion a year earlier.

BBVA said that the transaction would generate a net capital gain of 640 million euros ($763 million) and have a positive impact on the group's common equity tier 1 (fully loaded), a key measure of capital strength of banks, of about 50 basis points. The decline pared this year's advance to 8.9 per cent.

For the year, the company reported profit of $6.41 billion, or $5.20 per share.

BBVA is willing to accept Scotiabank's offer if its minority partner, Chile's Said family, does not exercise a first right of refusal it enjoys under a shareholder agreement. Scotiabank's chief financial officer Sean McGuckin told analysts that he expects the CET1 ratio to stay above 10.5.

Lower trading revenue and investment-banking fees contributed to a 15 per cent drop in earnings for Scotiabank's capital markets business, the only division to report a decline for the fiscal period ended October 31.

Related News:

  • Mauricio Pochettino Welcomes Erik Lamela Back From Injury Hell

    Mauricio Pochettino Welcomes Erik Lamela Back From Injury Hell

    They lost the North London derby against Arsenal last weekend and followed that up with a draw against struggling West Brom . We can not escape from our reality. "That's not an excuse, the team is doing well".
    The Walking Dead crossover character finally revealed

    The Walking Dead crossover character finally revealed

    We've always been hoping for a TWD/FTWD crossover and now it's finally happening. James starts shooting Fear the Walking Dead Monday morning in Austin, TX.
    Christmas tree farmers expect to sell more this year

    Christmas tree farmers expect to sell more this year

    All of Absher's trees are freshly cut upon selling, and he brings in more as they get sold off the lot. A tree disposal bag - usually available where you purchase cut trees - can make clean up much easier.
  • Pokémon Go Global Catch Challenge meets goal, unlocks new monsters

    Pokémon Go Global Catch Challenge meets goal, unlocks new monsters

    With this, players will no longer have to leave the confines of their country to catch a region exclusive Pokemon. Players from the region where Farfetch'd was available will be receiving Kanghaskhan for a limited time instead.
    Bengaluru woman's plea claiming to be Jayalalithaa's daughter dismissed by Supreme Court

    Bengaluru woman's plea claiming to be Jayalalithaa's daughter dismissed by Supreme Court

    She was a successful actor before she joined politics and left behind sizable assets in the form of land, houses and jewellery. Jayalalithaa was admitted to a hospital in Chennai with fever and dehydration on September 22 and died in December.
    Budweiser has Grand Plans to Brew Beer on Mars

    Budweiser has Grand Plans to Brew Beer on Mars

    The brewing company also intends to send 20 barley seeds, which is the primary ingredient in Budweiser's beer recipe, into space. Some of the planned experiments will study the barley as it is subjected to exposure, and on its germination.
  • Prince Harry and Meghan Markle to Wednesday  at Windsor Castle

    Prince Harry and Meghan Markle to Wednesday at Windsor Castle

    Harry and Meghan will greet members of the public together for the first time before attending an event to mark World AIDS Day. Kensington Palace said that Windsor Castle, a royal residence west of London, had become "a special place" for the couple.
    Is Miss Universe Demoting Education In Young Females?

    Is Miss Universe Demoting Education In Young Females?

    Miss South Africa , Demi-Leigh Nel-Peters, won the event and will take over for Iris for the coming year. She said that women together are "unbreakable ".
    NBN to suspend rollout of its network to 'improve customer service'

    NBN to suspend rollout of its network to 'improve customer service'

    This pause will be in effect until incremental field work is undertaken to raise the quality of service for end users. However, NBN Co claimed the halt would not impact its ability to meet its target of delivering the NBN by 2020.
  • Pope to meet Suu Kyi on Myanmar trip

    Her late husband, Mr Michael Aris, was a lecturer there, and the couple lived and raised their two sons in the city. Pope Francis receives flowers upon his arrival at Yangon International Airport on November 27.
    Jay-Z Cancels Another 4:44 Tour Stop in Lincoln, Nebraska

    Jay-Z Cancels Another 4:44 Tour Stop in Lincoln, Nebraska

    Jay-Z has chose to cancel his December 6 performance in Nebraska due to technical difficulties and other production issues. JAY-Z has called off a concert in Lincoln, Nebraska, citing technical difficulties as the reason for the cancelation.
    Flynn's lawyer meets with Mueller's team

    Flynn's lawyer meets with Mueller's team

    Michael Flynn , formerly President Trump's national security adviser, are no longer sharing information with Trump's attorneys. Judge Andrew Napolitano said he believes the White House should be "very concerned" about reports that lawyers for Gen.


Most liked

Sid Meier's Civilization VI: Rise & Fall out on 8 February 2018
This prompts the remaining players to join or pass the event, which, if completed, can yield permanent individual bonuses. Over 100 of these mini achievements will be included in Rise and Fall and each time you unlock one, it will be recorded.

Hip-Hop Fans React to 2018 Grammy Nominations
Record Of The YearRedbone, Childish Gambino Despacito , Luis Fonsi & Daddy Yankee Featuring Justin Bieber The Story Of O.J. The 60th Annual Grammy Awards ceremony will take place in Los Angeles on January 28, 2018 and will be broadcast on CBS.

Southampton boss Mauricio Pellegrino: No fears over my job
Saints have failed to score in their last two games and did not even register a shot on target against Liverpool last weekend. Everton have conceded 157 fouls, the highest figure in the Premier League this season prior to the latest round of games.

Without taking your keys how thieves can steal your auto
Consider keeping your keys in a metal box and investing in a Thatcham-approved steering lock and / or vehicle tracking solutions. Auto thieves were caught on camera using a relay box to quietly enter a vehicle and start the ignition without key fobs.

Triple j Hottest 100 won't be held on Australia Day
It said it had consulted numerous musicians and community groups - many of them indigenous - before reaching its decision. Triple j said that when the Hottest 100 originally began in 1989, it was held in March, and moved to January 26 in 1998.

Average gas price remains same in Meadville as state, national averages drop
AAA Michigan reports that the post-Thanksgiving statewide average daily gas price decreased about 10 cents. The average price of gasoline in MA is 42 cents higher than it was at this time previous year .

It was great working with Akshay Kumar: Radhika Apte
The film, written and directed by R Balki , is produced by Twinkle Khanna , Akshay Kumar , Gauri Shinde and others. The new poster for the upcoming comedy-drama movie titled 'Padman ' has been released today.

Bitcoin value crosses $9600
Bitcoin surged to yet another new record high on Monday, breaking a record set during the Thanksgiving Day of the week stateside. From Wall Street executives to venture capitalists, observers have been weighing in, with some more sceptical than others.

Time Inc Sold to Meredith Corp in Deal Bankrolled by Koch Brothers
Meredith's offer is for $18.50 per Time share, up about 10% from the shares' closing price of $16.90 Friday. If the deal goes through, it would finally mark success for Meredith in its third run at acquiring Time .

Man United's Romelu Lukaku escapes FA action over Gaetan Bong clash
The match officials took no action at the time, but reports suggest that the Football Association will not be as forgiving. Till date, the Belgian has scored 12 goals in 20 games but has only managed one goal in in his last 10 appearances.

Trump plumps for tax bill, analysts say it expands deficit
Ronna Romney McDaniel said all Republicans owe it to the American people to get tax reform passed during an interview on Sunday. In a positive sign for Trump's agenda, Republican Senator Rand Paul said on Monday he would support the bill.

France to vote against 5-year European Union renewal of glyphosate herbicide
Under EU rules, 16 favorable votes are needed as a "qualified majority" for renewal before authorization expires on December 15. The decision makes renewal more hard for the product....

South Africa's Nel-Peters wins Miss Universe
During her one-on-one with Harvey after she was announced as a semi-finalist, Peters told the host that she was nervous for him. And Miss Universe is a woman that has overcome many fears and by that she is able to help other women to overconme their fears.

HTC U11 starts getting Oreo update in the US
The HTC U11 Life came with an Android 8.0 version out of the box for all global markets besides the U.S. market. If you're someone who doesn't live in the Americas, you should expect a separate update in the next few weeks.

Milan Sack Montella, Gattuso to Take Charge
Montella stepped in as Milan's manager a year ago and led them to a Supercoppa Italiana title. " I thank the fans for their support, Fassone and Mirabelli for this opportunity and my staf for supporting me throughout ".