

12:46 pm
October 15, 2015

7:03 pm
December 12, 2009

canadian.100 said
Interesting - RBC does sell at a premium to the other banks the RBC P/E is 12.15 while the P/E for BNS is 8.38. I believe RBC announced yesterday they will be increasing their next quarterly dividend plus an incentive to shareholders to reinvest dividends (DRIP) to acquire new shares @ 20% less than market value. A good incentive!
Those discounts in the DRIP don't amount to much. I doubt anyone considers that. 😉
Cheers,
Doug
7:06 pm
December 12, 2009

HSBC InvestDirect is interesting in that National Bank Independent Network is the back office service provider and custodian for HSBC InvestDirect. They handle all of the trade execution and settlement services, and prepare HSBC InvestDirect customer statements. Whatever balances HSBC InvestDirect does not retain will be a loss to NBIN Assets Under Administration and a gain to RBC Dominion Securities.
Cheers,
Doug
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