UPDATE: Bank of Nova Scotia Reports Rise In Q3 Profit

Bank of Nova Scotia (NYSE: BNS) reported around 22% rise in its quarterly profit on Tuesday.

Bank of Nova Scotia reported its Q3 earnings at C$1.29 billion ($1.32 million), or C$1.11 per share, up from C$1.06 billion, or 98 Canadian cents per share, in the year-ago period. On a cash basis, it earned C$1.14 per share. However, analysts were expecting a profit of C$1.12 per share.

Bank of Nova Scotia shares gained 2.62% to close at $53.65 yesterday.