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Conferences, Recognitions, Cash Dividends and Corporate Announcements by Banks - Research Report on TD, RBC, Scotiabank, First Republic Bank, and CIBC

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Analysts' Corner

Sep 10, 2013, 08:00 ET

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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]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by an analyst. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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