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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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1119 дней спустя
Win Streak May Continue For China Stock Market
The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade.
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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1ч 4мин назад
Australian Market Modestly Higher
The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.
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1ч 14мин назад
Higher Open Called For Taiwan Stock Market
The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again 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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1ч 34мин назад
Singapore Bourse May Extend Monday's Gains
The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.
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2ч 4мин назад
Malaysia Shares May Open To The Upside Again On Tuesday
The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again 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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2ч 34мин назад
Japan Stock Market May Add To Its Winnings On Tuesday
The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains 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.
The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers.
For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88.
Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.
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2ч 49мин назад
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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3ч 4мин назад
