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Financials News

National Bank profit rises 3%, keeps dividend unchanged
National Bank of Canada reported that its profits in the third quarter rose to $453-million, up 3 per cent from last year.
Posted on 8-26-2015 at 8:12 AM
RBC profit rises to $2.4B, boosts payout as earnings hit record
Royal Bank of Canada will be raising its dividend to shareholders following a third-quarter profit of nearly $2.5 billion that included record-high earnings from its Canadian banking arm.
Posted on 8-26-2015 at 10:10 PM
Bank of Montreal beats Street, profit up 6%
Bank of Montreal reported a 6 per cent gain in the third quarter, suggesting that much of the turmoil sweeping through the Canadian and global economies has yet to affect bank results.
Posted on 8-25-2015 at 7:53 AM
Canadian banks looking cheap? Not the time to buy: Analysts
Shares of all six of the major banks are down so far this year. As banks get set to report earnings this week, is now the time to buy ? Some analysts say the answer is “no”, and believe things will get worse for the banks before they get better.
Posted on 8-24-2015 at 8:00 AM
Canadian banks well-equipped to meet economic, energy risks: ScotiaMcleod
Plummeting oil prices, red hot housing markets, low interest rates, and an economy pushing into recession territory – all of these roads lead to Canada’s banking sector ahead of third-quarter results next week.
Posted on 8-20-2015 at 3:19 PM
Citigroup to pay $180-million to settle charges of defrauding fund investors
Two units of Citigroup will pay nearly $180-million to settle financial crisis-era charges alleging they defrauded investors in two hedge funds by telling them the funds were safe, low-risk investments, U.S. regulators said Monday.
Posted on 8-17-2015 at 12:58 PM
Your Pension Plan: CPP posts flat returns as global stocks, bonds drop
Canada Pension Plan Investment Board said its returns on investments were flat during the three months through June in what was the busiest quarter on record for deals involving the country’s largest pension plan.
Posted on 8-14-2015 at 7:48 AM
Scotia Capital to pay $500,000 fine by Canada’s brokerage industry regulator
This comes after Scotia Capital acknowled more than 1,700 clients were allowed to invest in various funds even though they did not meet criteria for accredited investors permitted to participate in the offerings.
Posted on 8-12-2015 at 7:54 AM

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