Bank

Scotiabank raises dividend as Q3 profit drops to $1.94B Fallback Image Decorative pattern

Industry

Scotiabank raises dividend as Q3 profit drops to $1.94B

Scotiabank raised its dividend even as it reported its third-quarter profit slipped compared with a year ago, partially due to a hit from acquisition-related costs. The bank said Tuesday it will raise its quarterly dividend by three cents to 85 cents per share. The increase came as Scotiabank reported a third-quarter profit of $1.94 billion or […]

By Staff |August 28, 2018

2 min read

Canada’s banks collaborate to combat cyber risks Fallback Image Decorative pattern

Industry

Canada’s banks collaborate to combat cyber risks

More than half (52%) of executives in the Canadian financial services sector believe that cybercrime is likely to be the most disruptive economic crime over the next two years, finds a report by PwC Canada. Read: BoC warns of risks for clients with mortgages But despite the heightened awareness of cyber risks, banks still face […]

By Staff |March 6, 2018

2 min read

Recap: Strong Q1 for Canada’s big banks Fallback Image Decorative pattern

Industry

Recap: Strong Q1 for Canada’s big banks

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By Staff |March 2, 2018

1 min read

TD hikes dividend as Q1 earnings beat estimates, AUM grows TD hikes dividend as Q1 earnings beat estimates, AUM grows

Economic Indicators

TD hikes dividend as Q1 earnings beat estimates, AUM grows

TD Bank’s adjusted earnings came in ahead of analyst estimates Thursday, rising 15% from the year-earlier period after excluding the impact of U.S. tax reform and other items. The Canadian lender had $2.946 billion, or $1.56 per share, in adjusted diluted earnings per share for the fiscal first quarter ended Jan. 31. That was above […]

By Staff, with files from The Canadian Press |March 1, 2018

3 min read