Weekly Blog Round: Bank Earnings Edition

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The banks reported their earnings late in the week with the exception of Scotia Bank. It wasn’t what many analysts expected which can make it an investment opportunity since we saw a drop in share prices.

• National Bank increased its net income by 13% and gave its shareholders a dividend increase of 5 cents for a total of $0.71 per share (up from $0.66) per quarter.
• The Bank of Montreal increased its net income by 14% and kept its dividend unchanged. It is focusing on the purchase of Marshal & Isley south of the border.
• Royal Bank saw its net income increase by 13% and increased its dividend by 8%. Investors can now earn $0.54 per share per quarter for a yield of 3.77%.
• Toronto Dominion grew its net income the least so far with 7.5% growth.
• Scotia Bank is expected to have good earnings due to their business in central and south America.

Worthy readings from other bloggers.

• Retire By 40 with ‘Refinancing Opportunities‘
• My Own Advisor with ‘I’ll maximize my TFSA first, thanks‘
• Andrew Hallam with ‘A narcotics accusation, a cryogenic chamber and a single stock: Reloaded‘
• The Dividend Guy Blog with ‘National Bank to Buy Wellington West and Raise ‘
• Dividend Growth Stocks with ‘15 Dividend Stocks Building Wealth With Dividend Increases‘
• Dividend Pig with ‘Chevron Analysis – Low p/e, Should You Buy?‘
• Dividend Mantra with ‘Why I’m Buying Wal-Mart‘
• Million Dollar Journey with ‘How Come I’m Not Rich?‘
• Dividend Ninja with ‘Staples Inc. Value in Office Supplies?‘
• Beating The Index with ‘Will Natural Gas Prices Determine the Fate of the US Nuclear Renaissance?‘
• Dividend Growth Investor with ‘Are dividend stocks a separate asset class?‘
• Dividend Monk with ‘20 Quick Ways to Check a Company‘
• Intelligent Speculator with ‘What to do when everything is overpriced?‘
• Canadian Finance Blog with ‘Future Financial Literacy Is In The Hands Of Parents‘

Hope you had a nice weekend. It was a sunny one in Vancouver this weekend amidst all the rain we have had so far.

Go Canucks Go!

How often does that really happen to reach the Stanley Cup Finals …
Might as well enjoy it since the last time was 17 years ago!

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