Friday, May 22nd14.4°C
26412

Scotiabank posts $1.7 billion profit in first quarter, raising dividend

TORONTO - Bank of Nova Scotia (TSX:BNS) had $1.709 billion of net income in the first quarter, up 6.5 per cent from a year earlier.

The profit amounted to $1.32 per common share, up from $1.24 per share a year earlier.

Scotiabank also says the dividend on its common shares will go up three per cent to 64 cents.

That's a gain of two cents per share, starting April 28.

Scotiabank is the last of Canada's big banks to report financial results for the three months ended Jan. 31.

All of the banks reported stronger profits compared with the last year's first quarter.

The Canadian Press


Read more Business News

26180


Recent Trending




Today's Market
S&P TSX15203.61+130.78
S&P CDNX700.51+5.09
DJIA18285.74+0.34
Nasdaq5090.79+19.05
S&P 5002130.82+4.97
CDN Dollar0.8200+0.0006
Gold1203.80-5.10
Oil57.45-1.98
Lumber268.90-0.70
Natural Gas2.954+0.005

 
Okanagan Companies
Pacific Safety0.135+0.010
Knighthawk0.010.00
QHR Technologies Inc1.45+0.00
Cantex0.03-0.01
Anavex Life Sciences0.372+0.032
Metalex Ventures0.09+0.01
Russel Metals25.82+0.02
Copper Mountain Mining1.41-0.02
Colorado Resources0.10-0.00
ReliaBrand Inc0.0097-0.0003
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.000
Decisive Dividend Corporation2.20+0.60

 



26255

FEATURED Property
2304416654 Cook Rd
1 bedrooms 2 baths
$274,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Do or do not

Photo: Thinkstock.com“The optimist sees the rose and not its thorns; the pessimist stares at the thorns, oblivious of the rose.” - Kahlil Gibran Good planning is all about managing chan...


Penetrate the smokescreen

Photo: ContributedHas this ever happened to you? You’re in the middle of your second or third “good discussion” with a prospect. Everything’s going great. The prospect seems en...


Squaring the circle

Photo: Thinkstock.comI have been reading about market segmentation and choice. Howard Moskowitz’s research into tomato sauce as retold by Malcom Gladwell on the TED talks (http://www.ted.com/tal...

_



25482




Member of BC Press Council


24843