Scotiabank Reports Strong Earnings
Scotiabank reported Q1 2022 net income of CAD 2.74bn ($2.2bn), up 14% YoY and EPS of CAD 2.15 as compared to CAD 1.88 ($1.5) last year and beating analyst estimates of CAD 2.05 ($1.6). Canadian Banking generated earnings of CAD 1.2bn ($940mn), up 32% YoY and...
Scotiabank Reports Strong Earnings
Scotiabank reported its 4Q2021 results with net income up 35% YoY to CAD 2.6bn ($2bn). Profits were helped by a reduction in provisions to CAD 168mn ($132mn) from CAD 1.1bn ($860mn) a year ago. The lender also announced its first dividend hike in nine quarters by 10...
Scotiabank and BMO Beat on Quarterly Earnings
Toronto-based banking majors Bank of Nova Scotia (Scotiabank) and Bank of Montreal (BMO) reported earnings for their third quarter ended July 31 on Tuesday. Scotiabank reported a 95% YoY surge in net income to CAD 2.5bn ($2.01bn). However, pre-tax pre-provision (PTPP)...
