|Day's Range||75.86 - 76.27|
|52 Week Range||62.36 - 82.30|
|PE Ratio (TTM)||12.86|
|Earnings Date||May 30, 2017|
|Dividend & Yield||2.24 (4.01%)|
|1y Target Est||84.06|
TORONTO, May 25, 2017 /CNW/ - Global new car sales moderated to 3.4% y/y in March, down from a 7% jump in February and an average gain of 5% during the previous two months. Automotive purchases across North America, which account for nearly 30% of the global total, fell below a year earlier in April in all three countries for the first time since late 2009. Concern over declining U.S. used car prices has climbed back into the headlines due to recent news that the largest auto rental car company reported a much sharper-than-expected loss in the latest quarter due to slumping residual values. "We believe that the industry is currently in the 'eye of a used car price storm', and that pricing will stabilize later this year once the growth in off-lease vehicles moderates," said Carlos Gomes, Senior Economist and Auto Industry Specialist, Scotiabank.
Pressure on U.S. used car prices likely to subside later this year: Scotiabank
TORONTO, May 11, 2017 /CNW/ - Scotiabank will announce its second quarter results on Tuesday, May 30, 2017. A news release of the Bank's second quarter results will be issued in Canada and the U.S. over CNW Group at approximately 6:00 a.m. EST on Tuesday, May 30, 2017. The conference call will take place on Tuesday, May 30, 2017, at 8:00 a.m. EST and is expected to last approximately one hour.