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Scotiabank Reports Strong Earnings

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 Reports Strong Earnings

Scotiabank Reports Strong Earnings

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...
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