Operating profits up by 5.8%
Bank revalues ABCP
Bank to book $110 million gain on sale of Visa shares
Profit falls 24% to $248 million
Records charges for sale of Dundee Bank, writedown of ABCP
Investment bank forecasts Q4 loss of US$1.2 billion
Western Financial Group today reported improved operating and financial results for the nine months ended September 30.For the nine months, revenue increased 35.0% to $80.8 million from $59.8 million compared to the same period in 2006 and net income increased 79.2%.Basic earnings per share amounted to 19¢ per share, up from 16¢ in the same […]
Bank of Nova Scotia today announced that in its fourth quarter 2007 results there will be mark-to-market write-downs on non-Bank asset-backed commercial paper (ABCP) and structured credit instruments of approximately $190 million ($135 million after-tax).Scotiabank also announced that as a result of the bank’s domestic and international interests in Visa Inc., it will record a […]
$1.9 million increase in revenue compared to same quarter last year
Net impact on fourth quarter earnings expected to be modest