Sector Update: Financial

By Staff,

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Financial shares were generally higher in pre-market trade Tuesday ahead of housing data and durable-goods orders.

In financial stocks news, Scotiabank ( BNS ) has reported Q2 adjusted EPS of CAD $1.40, beating analyst estimates of $1.30. Total revenues of CAD$5.8 billion were up from $5.29 billion in Q2 2013 and beat analyst projections of $5.61 billion.

The bank announced a quarterly dividend of $0.64 per share payable on July 29 to shareholders of record on July 2.

Return on equity was 16.3%, compared to 16.5% in Q2 2013. "We had strong results this quarter across our businesses, particularly in Canadian Banking and Global Wealth & Insurance," said Brian Porter, Scotiabank President and CEO.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: BNS

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