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0.000100908173561967 0.000201816347124077 0.000302724520686187 0.000607467204843539 0.0016952573158425 0.00403632694248225 0.00443995963673055 0.00575176589303727
Stock impact report

Advisor to Client [Advisor.ca (Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Company Research Source: Advisor.ca
The big banks turned in mixed results for the third quarter as hefty provisions at some of them weighed on earnings, says Fitch Ratings. The Big Six, along with Desjardins Group, reported an 11% drop in aggregate net income on a year-over-year basis, the rating agency found. The decline in earnings came “despite strong revenue growth, particularly in Canadian banking, wealth management and capital markets,” Fitch noted in a report. Aggregate revenue was up 3% overall, largely driven by stronger Canadian banking activity taking place following recent interest rate cuts from the Bank of Canada. Revenue also rose thanks to “wealth management fees, and robust trading and advisory revenues in capital markets.” In the face of this headline strength, however, “there was the significant increase in aggregate loan-loss provisions,” Fitch noted. The largest increases were for Bank of Nova Scotia and Bank of Montreal, where provisions rose 31% and 29% quarter-over-quarter, respectively. Add Show less Read more
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