The Bank of Nova Scotia (NYSE:BNS) could be forced to cut its BNS stock dividend if oil prices continue to slump, Moody's warns.
In a report released on Monday, the New York-based ratings company said that Canada's third-largest lender by assets would be hit hard by the sharply worse oil rout. So, too, would Canadian Imperial Bank of Commerce (NYSE:CM) the nation's fifth-largest bank.
On the other hand, Toronto-Dominion Bank (NYSE:TD), Canada's second-largest bank, would best be able to weather a deterioration, according to Moody's.
The rating agency said that.
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In a report released on Monday, the New York-based ratings company said that Canada's third-largest lender by assets would be hit hard by the sharply worse oil rout. So, too, would Canadian Imperial Bank of Commerce (NYSE:CM) the nation's fifth-largest bank.
On the other hand, Toronto-Dominion Bank (NYSE:TD), Canada's second-largest bank, would best be able to weather a deterioration, according to Moody's.
The rating agency said that.
Den vollständigen Artikel lesen ...