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News Breaks | | | | September 5, 2012 | | 09:00 EDT |  | BNS, BNS, MET, MET, PFG, PFG, SLF, SLF, MFC, MFC, CM, CM, TD, TD, BMO, BMO, RY, RY, LNC, LNC | Bank of Nova Scotia to host a conference
Scotia Capital Financial Conference is being held in Toronto on September 5-6 with webcasted company presentations to begin on September 5 at 9 am; not all company presentations may be webcasted. Webcast Link | |
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News For BNS;RY;BMO;TD;CM;MFC;SLF;PFG;MET;LNC From The Last 14 Days Check below for free stories on BNS;RY;BMO;TD;CM;MFC;SLF;PFG;MET;LNC the last two weeks. |
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| May 23, 2013 | | 15:31 EDT |  | TD | Toronto-Dominion CEO says looking at permanent cost reductions
 Subscribe for More Information | | | 15:23 EDT | | TD | Toronto-Dominion says on course for 2H earnings to match 1H
Says delivered $779M in earnings in U.S. dollars in the first half of year and "on course to match that level of earnings" in the second half. Says total Bank earnings grew 7% for the first half of the year, EPS grew 6% and company "working hard to get into the bottom of our 7 to 10% medium term target for adjusted EPS growth." Says operating environment in the U.S. "remains challenging," with low interest rates likely to keep margins under pressure for rest of this year and beyond. Says faces headwinds from slower loan growth in Canada and low interest rates globally. Comments from Q2 earnings conference call. | | | 08:27 EDT |  | TD | Toronto-Dominion reports Q2 adjusted EPS C$1.90, consensus C$1.90
Subscribe for More Information | | | 06:29 EDT | | TD | TD intends to repurchase up to 12M common shares for cancellation
TD Bank Group announced that, subject to the approval of the Office of the Superintendent of Financial Institutions Canada, or OSFI, and the Toronto Stock Exchange, it intends to launch a normal course issuer bid through the facilities of the TSX as well as through other designated exchanges and published markets in Canada to repurchase up to 12M of its common shares, representing approximately 1.3% of the common shares currently issued and outstanding. On May 21, there were 923,873,168 common shares issued and outstanding. TD will file a notice of intention with the TSX in this regard. As at April 30, the Bank's Common Equity Tier 1, Tier 1 and Total Capital ratios were 8.76%, 10.79% and 13.99% respectively. TD made the decision to launch the bid in light of its demonstrated ability to generate capital and has now allocated roughly $1B in capital for share repurchases under the bid. | | | May 21, 2013 | | 11:24 EDT | | MET | MetLife to merge offshore reinsurance unit into U.S. regulated entity
In a regulatory filing, MetLife disclosed that it intends to merge offshore captive reinsurer into a U.S. regulated entity. | | | 10:45 EDT |  | MET | MetLife says low interest rates may cost annuity business $2.5B, Bloomberg says
MetLife says the continued low interest rate environment may cost the company around $2.5B after three-to-five years in the U.S. variable annuity business, reported Bloomberg. Reference Link | | | 09:33 EDT | | MFC, BNS | Bloomberg LINK to host a summit
Subscribe for More Information | | | May 16, 2013 | | 12:32 EDT |  | RY | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | 06:35 EDT |  | LNC | Lincoln National downgraded to Underperform from Neutral at Credit Suisse
Subscribe for More Information | | | May 15, 2013 | | 08:39 EDT | | MET | MetLife to host investor day
Subscribe for More Information | | | | May 14, 2013 | | 06:19 EDT | | BMO | Bank of Montreal downgraded to Underweight from Equal Weight at Morgan Stanley
Subscribe for More Information | | | 06:19 EDT |  | RY | Royal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
| | | May 13, 2013 | | 06:49 EDT | | RY | ECB member says negative deposit rates would help economy, Reuters says
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