Sees higher capital markets and wealth management activity in first quarter, raises dividend
posted slightly lower first-quarter profit but topped analysts’ estimates on higher capital markets and wealth management activity and lower-than-expected provisions for loan losses.
Adjusted to exclude certain items, including U.S. balance sheet restructuring, the bank said it earned $2.02 per share. That beat the $1.96 per share analysts expected. Total revenue rose 2 per cent in the quarter to $14.05-billion and expenses were flat at $8.07-billion.
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