00:45:49 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,201,864,902
Close 2017-05-19 C$ 75.48
Market Cap C$ 90,716,762,803
Recent Sedar Documents

Globe says TD, rivals roll out Q2 financials this week

2017-05-23 08:20 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Tuesday, May 23, edition that Canada's biggest banks will start rolling out their second quarter financial results this week. The Globe's David Berman writes that since Home Capital Group (HCG) experienced a run on its deposits last month, observers have been concerned about the potential knock-on effects. Adding to the urgency is the fact that HCG's challenges have arisen at a time when regulators are busy introducing measures to cool the real estate market. Stock prices of the Big Six banks are reflecting unease. They have fallen on average more than 8 per cent from recent highs. The sector is now lagging the broad S&P/TSX composite index year-to-date. Keefe, Bruyette & Woods analyst Brian Klock says: "Our expectation is that during earnings calls, bank managements will point to differences between HCG's mortgage origination and funding structure, as well as the quality of the banks' portfolios, as points of distinction. The Canadian government has taken steps to cool off the housing market and we'll look for bank managements to provide colour on the steps they're taking to insulate their portfolios."

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