Firm to start hiring advisors soon, says CEO
Laurentian Bank of Canada today said its fourth-quarter profit fell 86%, hurt by low interest margins and weak loan growth.The bank said net income for the three months ended Oct. 31, was $7.1 million, or 17¢a share, down from $50.7 million, or $2.01 per share, in the year-before period.Return on equity was 2.4%, down sharply […]
Boosts quarterly dividend and declares stock dividend
Loan loss provisions drop; dividend increases
Takes $300 million provision for Enron-related legal costs
Loan-loss provisions drop
Bank takes on charges on realignment, jobs cuts
Jovian Capital Corp. has reported a reduced net loss for the three months ended September 30.Jovian said the loss for the quarter was $500,000 compared to a loss of $800,000 a year ago, and adjusted for the change in accounting policy.The firm said total revenue for the quarter was $14.2 million, almost double the $7.5 […]
Insurance profits jump 8%
Retail banking revenues jump 8%