Bank of Nova Scotia misses quarterly profit estimates
2022.08.23 13:14
FILE PHOTO: A woman leaves a Bank of Nova Scotia (Scotiabank) branch in Ottawa, Ontario, Canada, May 31, 2016. REUTERS/Chris Wattie/File Photo
TORONTO (Reuters) – Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier lifted by continued strength in lending both at home and in its international business.
Net income, excluding one-off items, was C$2.61 billion ($2.00 billion), or C$2.10, in the three months ended July 31, compared with C$2.56 billion, or C$2.01, a year earlier. Analysts had expected C$2.11 a share, according to Refinitiv data.
Canada’s third-largest lender reported overall net profit of C$2.59 billion, or C$2.09 a share, from C$2.54 billion or C$1.99, a year ago.
($1 = 1.3021 Canadian dollars)
