Scotiabank hikes dividend, but profit slips 4% amid 'significant market volatility'

That was below the adjusted earnings of $1.82 per share expected by analysts, according to Thomson Reuters Eikon.

“While significant market volatility impacted some of our business lines, we still experienced strong growth. In addition, credit quality remains strong and in line with recent quarters.” Scotiabank’s global banking and markets business however saw a 26 per cent drop in net income attributable to equity holders to $335 million.

The bank’s common equity tier 1 ratio, a key measure of the its financial health, was 11.1 per cent, down from 11.2 per cent a year earlier but unchanged from the previous quarter.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

RBC hikes dividend as profit rises in challenging market conditionsCapital markets earnings drop 13 per cent
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »

Market volatility, mortgages loom over upcoming earnings of Canada's big banksCanada's biggest banks are set to report on what has traditionally been the strongest quarter of the year, but market volatility and slower mortgage growth during the period could weigh on their latest results. When have banks not made billions by profiting off workers' backs?
Herkunft: CTVNews - 🏆 1. / 99 Weiterlesen »

How mortgages and market volatility could impact earnings for Canada’s big banksThe banks are about to report on what has traditionally been the strongest quarter of the year, but this year might be different Oh no! The poor banks! It's time to change mortgages regulations and to make modular and cooperative building completely tax free, mainly to help house seekers in need but also to deactivate the provincial tories' regime making plans OntarioNDP
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »