Wednesday, August 27th32.4°C
22568
22455

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

22965


Recent Trending




Today's Market
S&P TSX15602.65-16.56
S&P CDNX1019.343.98
DJIA17122.0115.31
Nasdaq4569.622-1.015
S&P 5002000.12+0.10
CDN Dollar0.9213+0.001
Gold1281.70-2.1001
Oil93.74-0.14
Lumber347.10-2.10
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.07+0.005
Anavex Life Sciences0.24-0.01
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining2.96-0.07
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01

 





FEATURED Property
2051133Mahood Lake Road
2 bedrooms 1 baths
$269,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_





23002


Member of BC Press Council


22885