Scotiabank profits rise to $708M, full-year earnings jump to $2.9B
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TORONTO (CP) - Bank of Nova Scotia reported record annual profits Tuesday and raised its dividend after the bank benefited from solid gains in mortgage and consumer lending as well as international operations.
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Investment bank Lehman Brothers  Holdings Inc.  on Tuesday said its second-quarter profit  rose 27 percent as surging bond underwriting and stock trading  revenue more than made up for bond trading results hurt by U.S.  mortgage weakness.
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The Bank of Ireland reported a 7.8 percent rise in first half profit Thursday but also revealed a significant rise in withdrawals at its asset management unit.
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French bank Societe Generaleâs third-quarter profit rose a forecast-beating 10 per cent on consumer banking growth, gains in investment banking, and a sharp fall in bad debt provisions, it said on Tuesday.
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Electronic publisher Thomson Corp. (TOC.TO: Quote, Profile, Research) reported a stronger-than-expected third-quarter profit on Tuesday as revenue rose 9 percent, helped by a string of recent acquisitions.
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Canadian Tire Corp., the country&#39;s biggest retailer of auto supplies and sporting goods, said third- quarter profit rose 17 percent as customers put more purchases on the company&#39;s credit card.
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Wells Fargo & Co.  and U.S.  Bancorp  recorded higher second-quarter profits, leading  a batch of bank earnings on Tuesday, as higher fees offset  pressure on lending margins from rising interest rates.
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Third-quarter profit rose 11 percent to $640 million, helped by growth in fees from asset management and providing back-office services to institutional clients.
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KeyCorp , the largest U.S. Midwest bank, on Tuesday said second-quarter profit rose, helped by growth in fee income rose, helped by growth in fee income.
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Toronto-Dominion Bank posted a 39 percent increase in fiscal third-quarter net income on higher profit throughout the company. For the period that ended July 31, the company posted net income of 1.1 billion Canadian dollars ($1 billion), or 1.53 Canadian dollars a share, compared with 796 million Canadian dollars, or 1.09 Canadian dollars a share, a year earlier. Revenue rose 11 percent, to 3.65 billion Canadian dollars, or about $3.43 billion.
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Third-quarter net income rose 7.4 percent to $960 million, helped by strong demand in international markets. The company also raised its full-year profit outlook.
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Barclays, the third-biggest British bank, has said that net profit surged by 33 percent to a record 4.571 billion pounds (6.782 billion euros, 8.906 billion dollars) in 2006, lifted by its investment banking arm.
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Investment bank Lehman Brothers Holdings Inc. , said on Tuesday second quarter profit rose, helped by a surge in investment banking revenue.
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American Express Co., the consumer finance and travel company, said Monday that its profit rose 14 percent in the third quarter to &#36;879 million, or 69 cents a share. That was in line with analysts' estimates.
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AUSTRALIA and New Zealand Banking Group has seen its second-half profit jump 18 per cent following the acquisition of New Zealandâs biggest bank, coupled with a strong demand for credit.
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CHERRY HILL, NJ -- Commerce Bancorp Inc., the parent of Commerce Bank, said Tuesday its profit jumped 42 percent in the third quarter, boosted by strong deposit growth.
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NEW YORK (CBS.MW) -- American Express reported third-quarter net income of $879 million, or 69 cents per share, up 14 percent from $770 million, or 59 cents per share, last year, amid more customer spending on credit cards, higher balances and increased