(Reuters) -Bank of Nova Scotia on Tuesday reported better than expected quarterly earnings, boosted by gains in its capital market business, rises in...
-Bank of Nova Scotia on Tuesday reported better than expected quarterly earnings, boosted by gains in its capital market business, rises in brokerage revenue in Canada and mutual fund fees overseas.
"The reality of a higher for longer rate scenario will naturally result in a continuation of elevated credit provision in our retail portfolios." "We have a mildly positive view," RBC Capital markets analyst Darko Mihelic said, noting Scotiabank's credit quality was stable and had positive operating leverage.
Its profit declined to C$2.11 billion, or C$1.58 per share, for the three months ended April 30, from C$2.16 billion, or C$1.69 per diluted share, a year earlier.Scotiabank today announced a dividend on the outstanding shares of the Bank, payable July 29, 2024, to shareholders of record at the close of business on July 3, 2024:Bank of Nova Scotia delivered earnings and revenue surprises of 1.75% and 0.84%, respectively, for the quarter ended April 2024.
Scott Thomson Capital Market Canada Mexico And The United States
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swedish central bank to cut key rate this week, Reuters poll showsExplore stories from Atlantic Canada.
Read more »
European Central Bank has significant room for rate cuts, Bank of France governor saysFrancois Villeroy de Galhau has repeatedly made the case for the ECB adopting an approach of ‘maximum optionality’ after June
Read more »
Scotiabank beats profit estimates on wealth management, capital market strengthThe bank said net income at its global wealth management unit rose 8% in February-April, its second quarter, driven by a 6% increase in Canada and a 19% rise...
Read more »
Scotiabank beats estimates with second-quarter earnings, sets aside more loan-loss provisionsAdjusted earning of $1.58 per share for the three months ended April 30 edged out the $1.55 per share analysts had expected
Read more »
Scotiabank reports $2.09B Q2 profit, down from $2.15B a year earlierTORONTO — The Bank of Nova Scotia reported its second-quarter profit fell compared with a year ago as it set aside more money for loan losses. The bank said Tuesday its net income fell to $2.09 billion or $1.
Read more »
Scotiabank reports lower Q2 profit as it set aside more money for bad loansThe Bank of Nova Scotia reported its second-quarter profit fell compared with a year ago as it set aside more money for loan losses.
Read more »