TAMPA, FL – JANUARY 09: Head coach Nick Saban of the Alabama Crimson Tide speaks during a press conference after the Clemson Tigers defeated the Alabama Crimson Tide 35-31 in the 2017 College Football Playoff National Championship Game at Raymond James Stadium on January 9, 2017 in Tampa, Florida. (Photo by Brian Blanco/Getty Images)Over the weekend, an Alabama football player was arrested on suspicion of DUI. Redshirt freshman offensive lineman Hunter Brannon arrested in Tuscaloosa, Ala. early Sunday morning.Head coach Nick Saban released a statement about the player’s arrest on Sunday.“We are very disappointed any time a player makes a choice that leads to this kind of behavior,” Saban said. “We are still in the process of gathering all of the details on the situation, and we will evaluate what we need to do in terms of appropriate discipline as we move forward.”On Tuesday night, Saban revealed the action took to discipline the player. Brannon has been suspended from the team and is not allowed to dress for games.Nick Saban: We suspended Hunter Brannon from the team. He’s not going to dress for any games right now.Said he’ll have some things to do behind the scenes (police ride around, community service, etc.)— Marq Burnett (@Marq_Burnett) October 23, 2018Alabama moved to 8-0 on Saturday with an impressive victory over Tennessee. The Crimson Tide get the weekend off before its hardest matchup of the season when the team travels to Death Valley to take on LSU.
TORONTO – Some of Canada’s biggest banks are expected to raise their dividends this week as they look towards what’s appears to be another year of steady growth in 2014.The five largest banks are scheduled report fourth-quarter earnings before the week ends, beginning on Tuesday with Bank of Montreal (TSX:BMO), which hasn’t increased its dividend since the first half of this year.That makes it a ripe candidate for a modest dividend hike, said Barclays analyst John Aiken, who also expects both CIBC (TSX:CM) and the smaller National Bank (TSX:NA) to boost their payouts this time around.“We see little reason to believe that fourth-quarter earnings will generate much downside pressure as we forecast that average core earnings growth will be positive,” he said in a note.Canadian banks have made a habit of raising their dividends twice a year since the economic downturn. While the rest of the major players upped their payments in the third quarter, even they could deliver a surprise increase, suggested Brad Smith, senior financial services analyst at Stonecap Securities.“You can’t count out Royal, Scotia and TD, all of which increased their dividends last quarter,” he said in an interview.“I think in some respects they don’t want to get into a lockstep dividend expectation. I think they want to mix it up. I’d say it’s a very low probability, but not a zero probability.”Dividends will be a highlight in what’s otherwise characterized as an encouraging, but unsurprising, earnings season for the banking sector, which is wrapping up the financial year ended Oct. 31.Much attention will be focused on what bank executives have to say about next year, including whether they think the Bank of Canada will keep its trend-setting rate at a low one per cent, where it has been since late 2010 due to weak global economic conditions.“I don’t think we’re going to get a rate hike next year,” said Gareth Watson, vice-president, investment management and research at RichardsonGMP.That echoes the sentiment of a growing number of economists who say the move won’t be made until 2015.Watson said he anticipates the banks will maintain their steady earnings growth of five to 10 per cent for next year.Bank stocks have been climbing in recent months helped by optimism about the Canadian financial industry’s position in the global economy relative to their international competitors. Since January, the TSX financials sector has risen more than 20 per cent, while all of the banks touched fresh 52-week highs in November.“We expect generally good fourth-quarter results, with several potential tailwinds benefiting the banks,” said Gabriel Dechaine, an analyst at Credit Suisse.He pointed to momentum in the wealth management operations as one area of strength.Executives at several banks have said in recent months that a major focus will be placed on their wealth management divisions, which house the financial planning operations and portfolios for both average investors and high-net worth individuals.Most of the banks report later in the week, with National Bank due on Wednesday and TD Bank (TSX:TD), Royal Bank (TSX:RY) and CIBC scheduled for Thursday.Scotiabank (TSX:BNS) wraps up the season when it reports on Friday. Banks expected to boost dividends in otherwise steady fourth quarter AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by David Friend, The Canadian Press Posted Dec 1, 2013 4:00 am MDT