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The Bank of Nova Scotia

5/23/2013, 2:11 PM ET

Quote & Headlines Market Currents StockTalk

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Saturday, April 27, 8:55 AM Staking the fate of his hedge fund on a large short of Canadian banks (BMO, BNS, RY, CM) and the loonie (FXC), Vijai Mohan's arguments of a property price bubble fueled - in part - by an emerging markets growth bubble aren't unfamiliar ones. A third leg: That the country's banks are the world's best capitalized is a falsity, owing to a required "risk-weight" of just 9.9% on mortgages (the U.S. is 35% minimum, Australia 15-20%, Europe 20%). Should regulators impose a higher rate (it's under discussion), the nation's lenders would be forced to raise capital and/or reduce dividends. 15 Comments [Financials, Global & FX]
Tuesday, April 23, 3:49 PM Bank of Nova Scotia (BNS) and Colombia's Sura group have each paid $516M for a 50-50 purchase of Peru pension fund BBVA Horizonte, which has about $9B AUM, a 23% share of all deposits in the country's private pension system. Free-market reforms in the 1990s meant all but the end of Peru's public-sector pension system. Comment! [Financials, Global & FX]
Wednesday, April 17, 9:04 AM Likely overcapitalized Canadian banks should consider committing to an annual dividend payout ratio of 60-70% each year, argues CIBC's Robert Sedran. He envisions a regular quarterly dividend with a Q4 special payout based on the actual full-year results. "An innovative way to satisfy investors' demand for yield while simultaneously satisfying regulators' demand for prudence." Banks targeted: BMO, BNS, CM, RY, TD. 2 Comments [Financials]
Wednesday, April 3, 12:03 PM Canadian lenders are set for a dramatic expansion in P/E multiples, says Scotiabank's Kevin Choquette, believing the slowdown in the country's real estate market is more than discounted in bank stock prices. His favorite pick is Imperial Bank (CM) as it's restructured to lessen its reliance on mortgage banking. 5 Comments [Financials]
Wednesday, March 13, 5:25 PM Moving on from Libor, the CFTC is reportedly having an informal look at whether the London fix for gold and silver is open to manipulation. Gold prices are set twice daily by five banks via teleconference (silver by 3), with the fixings then used worldwide as benchmarks for any number of transactions. The banks involved: BCS, DB, HBC, BNS, SCGLY.PK. 3 Comments [Commodities, Financials]
Tuesday, March 5, 7:41 AM Scotiabank (BNS) declares C$0.60/share quarterly dividend, 5.2% increase from prior dividend of $0.57. Forward yield 4.05%. For shareholders of record Apr. 02. Payable Apr. 26. Ex-div date Mar. 29. (PR) Comment! [Dividends]
Tuesday, March 5, 7:32 AM Scotiabank (BNS): FQ1 EPS of $1.27 beats by $0.02. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, March 5, 12:05 AM Notable earnings before Tuesday’s open: BNS, MCGC Comment! [Earnings]
Monday, March 4, 5:30 PM Notable earnings before Tuesday’s open: BNS, MCGC Comment! [Earnings]
Friday, February 22, 12:24 PM After a big 2012 (including garnering an international award), Canadian banks - RY, BMO, TD, BNS, CM - are expected to show the effects of a slowdown in the domestic economy when they report earnings next week. Look for slowing lending as signs abound that the heavily-indebted Canadian consumer is cutting back. 6 Comments [Financials]
Monday, January 28, 1:45 PM Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD. 18 Comments [Financials]
Monday, December 10, 2012, 11:18 AM Forget bank of the year, how about banking system of the year? Canadian lenders buck the global trend of pay cuts, Royal Bank of Canada (RY) and National Bank (NTIOF.PK) leading the way with an 11% jump in bonus pools. Scotiabank (BNS), TD Bank, and Bank of Montreal (BMO) also show increases, but Imperial Bank (CM) sees a reduction in incentive pay. 4 Comments [Financials]
Friday, December 7, 2012, 8:11 AM Bank of Nova Scotia (BNS) declares $0.57/share quarterly dividend, in line with previous. Forward yield 4.10%. For shareholders of record Jan. 02. Payable Jan. 29. Ex-div date Dec. 31. (PR) Comment! [Dividends]
Friday, December 7, 2012, 8:09 AM Bank of Nova Scotia (BNS): FQ4 EPS of $1.21 beats by $0.03. Revenue of $4.86B (+15% Y/Y). (PR) Comment! [Earnings, Financials]
Friday, December 7, 2012, 12:05 AM Notable earnings before Friday’s open: BNS Comment! [Earnings]
Thursday, December 6, 2012, 5:30 PM Notable earnings before Friday’s open: BNS Comment!