The Bank of Nova Scotia reported solid second-quarter results, with earnings per share rising by 12 cents and return on equity improving to 13.1%. Growth in non-interest income, especially from wealth management and capital markets, helped offset flat net interest income. The bank also saw a decline in provisions and maintained a strong CET1 ratio of 13.3%. However, concerns arose due to an increase in a single-client impaired loan. Despite a 3.6% dividend increase, the stock trades at high multiples, leading to a hold/neutral recommendation from analysts.
Scotiabank has agreed to acquire Maple Financial Holdings, the parent company of MapleMark Bank, a U.S. commercial bank based in Dallas, Texas. This acquisition will enable Scotiabank to offer FDIC deposit insurance to its clients, supporting its Mor...
The Vancouver Fraser Port Authority will host the Canada Together event on July 1 at Canada Place, marking 40 years of the landmark. The free, family-friendly celebration features live music including a headline performance by The Strumbellas, cultur...
Canadian Banc Corp. announced an overnight offering of its preferred shares priced at $10.33 per share, led by National Bank Financial Inc. The offering period ends May 28, 2026, with expected closing around June 4, 2026, pending TSX approval. Procee...
Bank of Nova Scotia reported strong Q2 fiscal 2026 results, with adjusted earnings of $1.47 per share beating the $1.46 estimate and revenue of $7.17 billion surpassing expectations. Key segments showed growth: Canadian Banking earnings rose 53%, Int...
BMO Financial Group, Bank of Nova Scotia, and National Bank of Canada all reported second-quarter earnings that exceeded analyst expectations, each raising their quarterly dividends. BMO led with a 34% profit increase to $2.63 billion, driven by capi...
