$BNS Canada's Bank of Nova Scotia could improve its core capital strength by 40 to 60 basis points if it chooses to sell its stake in Thanachart Bank Pcl, Chief Executive Brian Porter told RBC's Canadian Bank CEO Conference.
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Flor Crowley 05:51 PM 08/28/2015
$BNS Profit at Scotiabank fell to about $1.8-billion, down from more than $2.3-billion last year. However, after adjusting for the sale of its stake in CI Financial Corp., which boosted results in the third quarter of 2014 by $555-million, the bank’s profit rose about 3 per cent over last year. ... The bank also raised its quarterly dividend by 2 cents a share, to 70 cents, as expected. #neutral
