Financial shares were solidly higher in the pre-market session
Tuesday, recovering from a sell off Monday over the crisis in
In financial stocks news, Bank of Nova Scotia (BNS, BNS.TO)
reported Tuesday in line earnings and better-than-expected revenues
for Q1 2014. It also approved a $0.02 increase to its quarterly
The Canadian lender said net income was C$1.71 billion, or
C$1.32 per diluted share, up from last year's net income of C$1.68
billion, or C$1.24 per diluted share. On a comparable basis,
adjusted diluted EPS was C$1.34, in line with the Capital IQ
consensus. Year-ago adjusted diluted EPS was C$1.26.
And, Hilltop Holdings Inc. (
) the parent company of PlainsCapital Bank, PrimeLending and First
Southwest along with its National Lloyds Corp property and casualty
insurance subsidiary, posted improved earnings in Q4 late
HTH produced net income to common stockholders of $29.5 million,
or $0.34 per share, up from an $8.6 million profit, or $0.13 per
share. No analyst estimates were available for comparison.
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