Stock market operator to change listing fees for 2008
Grupo Scotiabank today announced solid results for the third quarter of 2007 driven by continued asset and deposit growth, improved margins, increased non-interest revenues and well controlled expenses. Scotiabank Mexico’s third quarter consolidated net income was $132 million, or $1,391 million Mexican pesos.Bank of Nova Scotia says these results are adjusted to a Canadian GAAP […]
Substantial losses and writedowns in trading positions were related to the U.S. subprime fiasco this past summer
Net earnings rise 37.4% year-over-year
Swiss banking giant UBS AG confirms that its third quarter pre-tax loss will be in the range of 600 million to 800 million Swiss francs (US$515.9 million to US$687.9 million), as it announced earlier this month.The move comes after Merrill Lynch reported a much bigger hit from the credit crunch than it had previously announced. […]
Strong Canadian economy drives growth
Revenues jump 62%
US$7.9 billion in write-downs
Q3 earnings estimates down 3% so far
J.P. Morgan Chase & Co. today reported a modest rise in its third-quarter net income, despite the market turmoil.The firm said that third quarter profits were US$3.4 billion, up from US$3.3 billion in the third quarter of 2006. Although, its investment bank’s net income was just US$296 million, down by US$680 million, or 70%, compared […]