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BNS

The Bank of Nova Scotia

6/20/2013, 8:37 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, June 18, 1:32 PM Scotiabank (BNS) and TD Bank are each downgraded to Hold from Buy at Barclays which says earnings growth at the banks will be challenged and instead prefers insurers and asset managers (which ones are as yet unavailable). Comment! [Financials]
Friday, May 31, 9:09 AM Scotiabank (BNS) CEO Rick Waugh announces his retirement, effective November 1. He will remain on the board, assuming the role of Deputy Chairman until January 31, 2014. Brian Porter has been appointed to replace Waugh. Porter has been with the bank for 32 years and was appointed President in November in preparation for the succesion. (PR) Comment! [Breaking News, Financials]
Tuesday, May 28, 8:44 AM More on Scotiabank (BNS) Q1 earnings: Net income of $1.23/share up 10% Y/Y. ROE of 16.4% falls within targeted range of 15-18%. Net interest income up 12% Y/Y. Non-interest revenue up 10%. Operating expenses up 10.8%. Provision for credit losses of $343M, up 30%. CC at 2 ET. (presentation) (PR) Comment! [Earnings, Financials]
Tuesday, May 28, 8:05 AM Scotiabank (BNS) declares $0.60/share quarterly dividend, in line with previous. Forward yield 4.03%. For shareholders of record July 2. Payable July 29.Ex-div date June 28. (PR) Comment! [Dividends]
Tuesday, May 28, 7:43 AM Scotiabank (BNS): Q1 EPS of C$1.23 misses by C$0.03. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, May 28, 12:05 AM Notable earnings before Tuesday's open: BNS, CSIQ, SDRL, TIF Comment! [Earnings]
Monday, May 27, 5:30 PM Notable earnings before Tuesday's open: BNS, CSIQ, SDRL,TIF Comment! [Earnings]
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]