Viagra Malaysia treat erectile dysfunction with the original ED treatment that has helped men feel confident in bed for decades. We’ll connect you with a licensed healthcare provider to evaluate if viagra malaysia our prescription ED treatments could be right for you, including super-affordable generic Viagra viagramalaysiaofficial Viagra is an oral ED medication that works by suppressing an enzyme in the body called PDE5.

Follow Us! Like Our Page!

Scotiabank Reports Third Quarter Earnings of $2.4 Billion, or $1.8 Billion Excluding a Notable Gain, and Increases Its Quarterly Dividend

Press Release –

TORONTO, ONTARIO–(Aug. 26, 2014) – Scotiabank (TSX:BNS)(NYSE:BNS)

All amounts are in Canadian dollars and are based on the Bank’s unaudited Interim Condensed Consolidated Financial Statements for the quarter ended July 31, 2014 and related notes prepared in accordance with International Financial Reporting Standards (IFRS), unless otherwise noted. The Bank’s Third Quarter 2014 Report to Shareholders and Supplementary Financial Information are available on the Investor Relations page of
Additional information relating to the Bank, including the Bank’s Annual Information Form, can be found on the SEDAR website at and on the EDGAR section of the SEC’s website at

Third Quarter Highlights (versus Q3, 2013)

  • Net income of $2,351 million, up 35% from $1,747 million
  • Earnings per share (diluted) of $1.85 compared to $1.36, up 36%
  • Earnings include $555 million or 45 cents per share related to the sale of a majority of the bank’s investment in CI Financial Corp. (“the notable gain”)
  • ROE of 20.6%, compared to 17.2%
  • Productivity ratio of 47.8%, versus 51.6%
  • Quarterly dividend of 66 cents per common share

Third Quarter Highlights (versus Q3, 2013) excluding notable gains and 2013 non-recurring items

  • Net income of $1,796 million, up 8% from $1,657 million
  • Earnings per share (diluted) of $1.40 compared to $1.29, up 9%

Scotiabank today reported third quarter net income of $2,351 million, compared with net income of $1,747 million in the same period last year, an increase of 35%. Diluted earnings per share were $1.85 compared to $1.36 in the same period a year ago and $1.39 last quarter. This quarter had a net benefit of $555 million or 45 cents per share related to a gain on the sale of a majority of the Bank’s investment in CI Financial Corp. Last year’s results benefited from non-recurring items in International Banking of $90 million or 7 cents per share. Adjusting for both these items, diluted earnings per share were $1.40 this quarter, an increase of 9%.

Return on equity was 20.6% compared to 17.2% last year and 16.3% last quarter. A dividend of 66 cents per share was announced, an increase of 2 cents per share.

“This quarter benefited from good results across our businesses and a gain on the sale of our investment in CI Financial”, said Brian Porter, Scotiabank President and CEO. “Results through the first nine months of the year put us in a strong position to achieve our financial objectives for the year.

“Canadian Banking had a good third quarter with net income of $565 million, driven by a 5 basis point increase in the net interest margin, double digit growth in credit card and automotive lending volumes and strong growth in fee and commission revenues. Increases in loan losses and expenses were mainly from higher business volumes.

“International Banking reported earnings of $410 million, with strong contributions in Latin America and Asia being offset by weaker results in the Caribbean and Central America. While interest margins have declined year over year, more recently we have noted an improvement reflective of asset mix. Credit quality also remained generally stable with the increase in the provision for credit losses driven mainly by growth and acquisitions.

“Global Wealth & Insurance continues to perform well with a good third quarter of $846 million in earnings including the gain on sale of the investment in CI Financial Corp. Earnings were primarily driven by strong performance across the Wealth and Insurance businesses. Wealth business benefited from continued growth in net sales and favourable market conditions.

“Global Banking & Markets reported net income of $408 million with record results in investment banking and good performance in equities and corporate banking in Canada, the U.S. and Europe. Credit quality remains high.

“Our capital position is very strong, with a Common Equity Tier 1 ratio of 10.9%. The high quality capital level is a source of strength and positions the Bank well for future business growth.

“Executing on our strategic plan, which includes a strong focus on superior customer relationships, will continue to drive growth as well as consistent and sustainable earnings.”

 463 total views,  2 views today

NationTalk Partners & Sponsors Learn More