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.

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 .

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:

  • Ben Stokes On His Way To New Zealand

    Ben Stokes On His Way To New Zealand

    England all-rounder Ben Stokes has reportedly flown to New Zealand, not Australia where his nation are now playing in the Ashes . The ECB statement came after a picture was posted on Twitter which it was claimed showed Stokes at Heathrow Airport.
    Trump's obsession with Time magazine makes nearly  too much sense

    Trump's obsession with Time magazine makes nearly too much sense

    As you can see, Barack Obama is way ahead of Trump in the Time front cover stakes. Noah Syndergaard takes aim at Donald Trump with his Saturday morning tweet.
    Milan Sack Montella, Gattuso to Take Charge

    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 ".
  • Pain-free Tiger Woods is now out-driving Dustin Johnson

    Pain-free Tiger Woods is now out-driving Dustin Johnson

    It's nice to do something like that and compete and have a couple little denominations [a bet] we're playing for. Of the round, Faxon remarked: "He was happy and, more than anything, he is finally pain-free".

    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....
    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.
  • Hip-Hop Fans React to 2018 Grammy Nominations

    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

    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.
    Triple j Hottest 100 won't be held on Australia Day

    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.
  • Bitcoin value crosses $9600

    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

    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 .
    Trump Questions Authenticity of 'Access Hollywood' Tape

    Trump Questions Authenticity of 'Access Hollywood' Tape

    The official was not authorized to discuss the president's plans publicly and spoke on condition of anonymity. In a Real Clear Politics poll from November 9-20, Jones led Moore by less than 1 percentage point.

Most liked

Daisy Ridley Drops Hints About THE LAST JEDI Surprises
Sitting in a trailer with her scarf pulled over her head, the Dame prodded, "Are you the last Jedi? ", as Daisy feigned surprise. The franchise's eighth episode hits theaters December 15 in the USA , with advance screenings in select locations.

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.

Yooka-Laylee heading to the Nintendo Switch on December 14
Having previously released for PS4, Xbox One and PC, the crowdfunded title was originally set to launch for Nintendo Wii U. Will you be picking up Yooka-Laylee on the Switch or have you already checked it out on another console?

Eight bodies discovered as North Korean ghost ship washes onto Japanese beach
The men, who identified themselves as North Koreans, said that their ship experienced mechanical problems. The origin of the vessel is unknown, but officials suspect it might have originated in North Korea.

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.

#Mizzou and #MSU Bears volleyball receive bids to NCAA tournament
The winners of those two matches will meet in the second round, to be played at 9 p.m. (CT), Saturday . "It's really exciting. The Cyclones were led by Jess Schaben's 3.28 kills per set and 3.05 digs per frame.

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.

White House defends Trump's 'Pocahontas' joke
Trump then put his hand on the shoulder of one of the veteran code talkers and said, "But you know what?" What an asshole. Native American leaders have called Mr Trump's past attacks on Ms Warren offensive and distasteful.

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.

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.

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.

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.

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.

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.

Officer-involved shooting in Arlington mall
He pulled out what police said was later found to be an fake gun, pointing it at the police officer on the first floor. The suspect tried to flee from security before going up an escalator toward the food court, police said.