Halifax shares fell 20 points Friday after posting second quarter results, which fell below industry expectations. Chief executive James Crosby delivered the news Friday, saying pre-tax profits for the first half ending June 30 rose only 8 percent, while the interim dividend rose one point to 8.5.
The retail net interest margin dropped slightly from 2.27 percent to 2.21 percent, helping to double net lending for the first half.
Topics Trends
Was this article valuable?
Here are more articles you may enjoy.
Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech 
Michigan Supreme Court Rules Against Couple in Drone Surveillance Case 
Worsening Weather Igniting $25 Billion Weather Derivatives Market 
Pfizer Agrees to Settle More Than 10,000 Zantac Cancer Lawsuits 
