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Scotiabank Says Q4 Results To Be Impacted By Charges Of About C$0.49/share
(RTTNews) - Canadian lender Bank of Nova Scotia (BNS.TO, BNS), called Scotiabank, announced Wednesday that its fourth quarter 2023 reported results will be adjusted for certain notable items. This is expected to the Bank's CET1 ratio by about 10 basis points.
The total impact on the Bank's fourth quarter results will be about C$590 million after-tax or C$783 million pre-tax, or about C$0.49 per share.
This includes after-tax restructuring charge and severance provisions of about C$247 million or C$341 million pre-tax and after-tax consolidation of real estate and contract costs of C$63 million or C$87 million pre-tax. It also includes after-tax impairment charges of C$280 million or C$355 million pre-tax.
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Scotiabank Q4 Profit Declines
Canadian lender Bank of Nova Scotia (BNS.TO, BNS), called Scotiabank, announced Wednesday that fourth-quarter net income attributable to common shareholders of the Bank declined to C$1.95 billion or C$1.63 per share from C$2.41 billion or C$1.97 per share in the prior-year quarter.
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Additional Support Called For South Korea Shares
The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday.
The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
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RBA Minutes Due On Tuesday
The Reserve Bank of Australia will on Tuesday release the minutes from its Dec. 8 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
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Swiss Markets Ends Marginally Down
The Swiss market ended slightly down on Monday after languishing in negative territory righ through the day's trading session, as traders largely stayed on the sidelines ahead of Christmas holidays.
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European Markets Close Mostly Lower After Cautious Session
European stocks closed on a weak note on Monday with investors largely refraining from making big moves and most of the markets recording thin volumes, ahead of upcoming Christmas holidays.
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TSX Hits New Record High, Stays Firm As Resources Stocks Shine
Canadian stocks are gaining ground in positive territory on Monday, rising for a third straight session, led by gains in materials and energy sectors thanks to firm commodity prices.
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Dollar Rises Amidst Mixed Jobs Data, Soft Inflation
The U.S. dollar remained broadly resilient during the week ended December 19 amidst a mixed update from the labor market and soft inflation readings from the U.S.
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Bay Street Likely To Extend Gains On Commodities Strength
Higher Canadian and U.S. index futures and firm commodity prices point to a positive start on Bay Street Monday morning.
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hace 10h 19min
