Conferences, Recognitions, Cash Dividends and Corporate Announcements by Banks - Research Report on TD, RBC, Scotiabank, First Republic Bank, and CIBC
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NEW YORK, September 10, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting The Toronto-Dominion Bank (NYSE: TD), Royal Bank of Canada (NYSE: RY), The Bank of Nova Scotia (NYSE: BNS), First Republic Bank (NYSE: FRC), and Canadian Imperial Bank of Commerce (NYSE: CM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
The Toronto-Dominion Bank Research Report
On September 5, 2013, The Toronto-Dominion Bank (TD) announced that Tim Hockey, Group Head, Canadian Banking, Auto Finance, Wealth Management, TD Bank Group and President and CEO, TD Canada Trust, will present at the CIBC Eastern Institutional Investor Conference in Montreal on September 18, 2013. According to TD, Tim Hockey's presentation will begin at 11:10 a.m. ET, and a live audio webcast will be available on the Investor Relations page of the Company's website. The Full Research Report on The Toronto-Dominion Bank - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9f85_TD]
Royal Bank of Canada Research Report
On September 4, 2013, Royal Bank of Canada (RBC), along with the Toronto International Film Festival, announced the winners of the 2013 RBC Emerging Filmmakers Competition. According to RBC, the films were reviewed by an esteemed panel of producers, directors and executives. RBC reported that the filmmakers who were awarded include Christopher Rainer, received $20,000 as the National Winner; and Dan Popa and Kevan Funk, received $5,000 each as the honorable mentions. Commenting on the release, Jennifer Tory, RBC's Regional President for Greater Toronto said, "We look forward to seeing how up-and-coming filmmakers interpret, define and express the theme each year. The winning films chosen this year represent the talent and creativity that make us proud to support TIFF and the RBC Emerging Filmmakers Competition." The Full Research Report on Royal Bank of Canada - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0c2c_RY]
The Bank of Nova Scotia Research Report
On September 5, 2013, The Bank of Nova Scotia (Scotiabank) announced that it plans to build a new 6,400 sq. ft. Regional Center in Drummondville, Quebec, set to open in the summer of 2014. According to Scotiabank, the new center, located on the southeast corner of St-Amant St. and René-Levesque Blvd., will offer a variety of retail, small business, commercial, agriculture and wealth services along with a drive-thru ABM. Scotiabank reported that the new opening also represents a $3.4 million investment and 20 new jobs for the region. Commenting on the release, Carole Chapdelaine, Scotiabank Senior Vice-President, Quebec and Eastern Ontario Region said, "Drummondville represents a strategic expansion for Scotiabank in Quebec and we are proud to offer a variety of client services in the retail, commercial and wealth segments. Our team of experts will be ready to serve the community and do our part to move the economic development of the region forward." The Full Research Report on The Bank of Nova Scotia - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/000c_BNS]
First Republic Bank Research Report
On September 5, 2013, First Republic Bank (First Republic Bank) announced that it has declared cash dividends on all four outstanding series of its preferred stock. According to First Republic Bank, a quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock, which equals to c.$0.42 per depositary share or 1/40th interest in a share of Series A Preferred Stock, being traded under the NYSE symbol FRCPrA. Another quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock, which equals to c.$0.39 per depositary share or 1/40th interest in a share of Series B Preferred Stock, being traded under the NYSE symbol FRCPrB. The Company further reported a quarterly cash dividend of c. $14.06 per share on its Noncumulative Perpetual Series C Preferred Stock, which equals to c.$0.35 per depositary share or 1/40th interest in a share of Series C Preferred Stock, being traded under the NYSE symbol FRCPrC. Lastly, the Company declared a quarterly cash dividend of $13.75 per share on its Noncumulative Perpetual Series D Preferred Stock, which equals to c.$0.34 per depositary share or 1/40th interest in a share of Series D Preferred Stock, being traded under the NYSE symbol FRCPrD. According to the Company, Series A, Series B, Series C and Series D Preferred Stock dividends are all payable on September 30, 2013 to shareholders of record as of September 19, 2013. The Full Research Report on First Republic Bank - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9f6f_FRC]
Canadian Imperial Bank of Commerce Research Report
On September 5, 2013, Canadian Imperial Bank of Commerce (CIBC) announced that the Toronto Stock Exchange (TSX) has accepted notice of CIBC's intention to make a normal course issuer bid. According to the release, the Company's purchase of common shares under a normal course issuer bid is consistent with the Bank's priority of maintaining balance sheet strength, while generating shareholder value through a balanced capital deployment strategy. Additionally, CIBC stated that purchases under the bid could commence as early as September 9, 2013, through the TSX and may also be made through alternative Canadian trading systems and the New York Stock Exchange. The Full Research Report on Canadian Imperial Bank of Commerce - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7732_CM]
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