Post by
TheDog2 on Aug 13, 2021 11:37am
Scotiabank before the Quarterly Report
Scotiabank had HCG booked at $47 and this is before the Quarterly Report today. It is said that the company has a bankroll of over $9 per share (if i read a report right). Wouldn't that suggest a Dividend should be in the near future.
Comment by
TheDog2 on Aug 13, 2021 11:47am
Found the eact quote from BNS evaluation: "we estimate HCG has $490 M (9.65/sh) of excess capital".
Comment by
HermannHaller on Aug 13, 2021 12:01pm
Just scroll back a couple of posts, and you'll see TD's updated figure is $11.47/share of excess capital. They said on the conference call this morning, they would likely do a SIB, as they have in the past, followed by a dividend and active NCIB. The goal is to get capital levels to 14-15% target in 12-18 months.