Scotiabank announced a fourth-quarter profit of $1.69 billion, an increase from the previous year. The bank's earnings were bolstered by a decrease in provisions for credit losses and growth in its Canadian and international banking operations as well as its global wealth management business.
Scotiabank reported a fourth-quarter profit of $1.69 billion, up from $1.35 billion in the same period last year, as it set aside a smaller amount for bad loans compared with a year ago. The bank's provisions for credit losses were $1.03 billion, down from $1.26 billion a year ago. Scotiabank 's earnings per diluted share were $1.22, up from 99 cents the previous year. Adjusted earnings per share were $1.57, up from $1.23 the previous year.
The Canadian bank also reported increased profits across its Canadian and international banking operations and global wealth management business
Scotiabank Fourth-Quarter Profit Credit Losses Banking Operations Global Wealth Management
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.
Metro reports $219.9M fourth-quarter profit as 'transition year' comes to a closeGrocery and drugstore retailer Metro Inc. ended its 'transition year' with fourth-quarter earnings of $219.
Read more »
Grocery and drugstore retailer Metro reports $219.9M fourth-quarter profitMetro Inc. reported a fourth-quarter profit of $219.9 million, down from $222.2 million a year earlier when its fourth-quarter included one more week.
Read more »
Grocery and drugstore retailer Metro reports $219.9M fourth-quarter profitMONTREAL — Metro Inc. reported a fourth-quarter profit of $219.9 million, down from $222.2 million a year earlier when its fourth-quarter included one more week.
Read more »
Grocery and drugstore retailer Metro reports $219.9-million fourth-quarter profitThe company says the profit amounted to 98 cents per diluted share for the quarter, compared with a profit of 96 cents per share a year earlier when it had more shares outstanding
Read more »
Rising stablecoin inflows are a sign of Bitcoin reaching $100KStablecoin inflows into exchanges signal strong buying pressure as Bitcoin approaches $100,000, signaling strong market momentum.
Read more »
Tuesday’s Insider Report: Former Scotiabank CEO is buying this utility stockA look at recent notable transactions
Read more »