Scotiabank reports second quarter earnings of more than $1.5 billion with ...
TORONTO, May 31 /CNW/ - Scotiabank today reported second quarter income of $1,543 million. Diluted earnings per share were $1.36. Return on equity remained strong at 22.9%. This quarter, the Bank benefitted from the recognition of gains of $286 million related to two recent acquisitions, pursuant to certain new Canadian accounting standards which require all acquisitions to be recorded at fair value. These gains amounted to 26 cents per share. Excluding these gains, diluted earnings per share were $1.10, compared to $1.02 in the same period a year ago and return on equity was 18.5%. A dividend of 52 cents per common share was announced."This was a solid quarter with good performance across our four business lines, with record revenues even without the one-time gains," said Rick Waugh, Scotiabank President and CEO. "Our proven, straightforward business model is well-diversified and, together with our strong risk management practices and culture of expense control, continues to deliver sustainable growth in Canada and internationally.
"With net income of $444 million, Canadian Banking had a good quarter. Strong competitive pricing pressures impacted margins but we were successful at offsetting these with volume and market share increases in our key products. Scotiabank experienced market share gains in residential mortgages, small business, personal deposits and sales of mutual funds through our delivery channels. The increase in mutual funds and creditor insurance sold through our branches demonstrates successful collaboration with the wealth management business line. Strong expense controls and a decrease in provisions for credit losses also contributed to these results.
"International Banking's business with net income of $402 million, has seen good growth over the last quarter, particularly in the commercial lending platform. It has also benefitted from widening margins in certain key markets. In addition, recent acquisitions continue to provide a meaningful contribution to overall results.
"Global Wealth Management completed the acquisition of DundeeWealth this quarter and with this strategic addition, achieved a significant milestone, surpassing $100 billion in assets under management. Our combined businesses in Canada were ranked second in mutual fund market share among banks and first in total net sales for the industry in the quarter.
Canadian Scholarship Trust Plan - News
Scotiabank President and Chief Executive Officer Rick Waugh announced plans for a Canadian scholarship program based on the ideals of the US-based Horatio Alger Association. Mr. Waugh received the Horatio Alger Association International Award,
McMaster University, a world-renowned research-intensive university, fosters a culture of innovation and a commitment to discovery and learning in teaching, research and scholarship. About the Niagara Institute: The Niagara Institute is Canada's
"You hear a lot of crews say they find it really difficult to race from behind," said Thalen, who is off to the University of Louisville this fall on a rowing scholarship. "For us, we tend to start from behind and we really walk through crews.
Matt played baseball at Gardner Webb in South Carolina on a baseball scholarship as an infielder. When he was done he came back and tried to get into pro baseball in some capacity. He found the best way was to travel to the Winter Meetings that were at
Sales Representative at CST Consultants Inc powered by Winnipeg ...
We are looking for self-motivated people, with a willingness to learn and invest their time to become self-employed and successful. With CST Consultants Inc. you get the best of both worlds: COMPETITIVE COMPENSATION & FLEXIBILITY TO WORK WHEN YOU WANT.
We are Canada's leading RESP distributor. We are expanding our business and looking for new sales representatives in Manitoba. For the past 50 years, we have promoted the Canadian Scholarship Trust Plan RESP and helped parents/grandparents save for the ever increasing cost of post-secondary education and receive the Federal Government grants available.
Be part of our growing industry and get the work/life balance you have always wanted:
CST Consultants Inc. is an organization wherein you will be able to make a positive impact on families, have flexible working hours and comprehensive sales training.
www.cst.org
Please email a current resume.
Canadian Scholarship Trust Plan - Bookshelf
Saturday night
I'm also a Canadian, dammit. I feel that in some ways more than I did ten years ago. ... as organizing representative of the Rhodes Scholarship Trust. ...The Canadian chartered accountant, CA
Over 30000 Canadian Children are enrolled in this Plan . ... No. of Children under 8 years _ Mail to: CANADIAN SCHOLARSHIP TRUST FOUNDATION 797 Don Mills ...Canadian university & college
This plan eliminates the burden of the rising costs of higher education. ... No. of Children under 8 years AGES Mail to: CANADIAN SCHOLARSHIP TRUST ...Money 101, Every Canadian's Guide to Personal Finance
I signed up my two sons with the Canada Scholarship Trust Plan (and now gratefully receive RESP payments). But it took me a few years to get over my ...Canadian Saturday night
I object strongly to Fulton making any comparison between life insurance and the Canadian Scholarship Trust Foundation or its selling agent. ...Detect Guide Directory
CST | Home
A registered Education Savings Plan (RESP) organization, discussing services, plans and offering calculators and contact details.
Canadian Scholarship Trust Plan (CST Plan)
Seeks to encourage and promote access to post-secondary education through this registered education savings plan.
cstplan.ca
Canadian Scholarship Trust Foundation is the largest and most experienced RESP provider in Canada.* Managing RESPs is our only business, and our ...
Canadian Scholarship Trust Plan :: Agency 669
Canadian Scholarship Trust Foundation is the largest and most experienced RESP provider in Canada.* Managing RESPs is our only business, and our ...
Canadian Scholarship Trust Plan: Agency 582
Offers the Canadian Scholarship Trust Plan, a group RESP product.