by Megha Malhotra | Aug 25, 2021 | Financial News, Macroeconomic news
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)...
by Amruth Sundarkumar | Jun 2, 2021 | Banks
Scotiabank reported its Q2 results for the quarter ended April with net income of C$2.46bn ($2.04bn), up over 85% YoY. Profits were boosted by lower provisions, with provisions for credit losses of C$496mn ($411mn), down from C$1.8bn ($1.5bn) a year earlier. This...
