Lender increases quarterly dividend to $1.59 per share
fourth-quarter profit dropped and missed analysts’ estimates by a wide margin as the lender boosted provisions for loans that could default.
Adjusted to exclude certain items, the bank said it earned $1.90 per share. That fell below the $2.41 per share analysts expected, according to London Stock Exchange Group. “Our overall results were impacted by elevated provisions for credit losses, and we expect quarterly provisions to moderate through 2025 as the business environment improves.”
Profit from the bank’s U.S. arm fell 57 per cent at $256-million as revenue edged lower and provisions rose, primarily for loans in commercial banking.
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