UPDATE: Scotiabank Posts Rise In Q3 Profit, Lifts Dividend

Loading...
Loading...
Bank of Nova Scotia
BNS
reported a 35% rise in its third-quarter profit and lifted its quarterly dividend. The bank's quarterly earnings surged to $2.35 billion Canadian dollars ($2.14 billion), or C$1.85 per diluted share, versus C$1.75 billion, or C$1.36 per share, in the year-ago period. Excluding extraordinary items, the bank earned C$1.40 per share, versus analysts' estimates of C$1.41 per share. The bank's domestic banking earnings rose to C$565 million from C$550 million, while international-banking division's earnings fell to C$410 million from C$490 million. Global wealth & insurance division's profit climbed to C$846 million from C$310 million, while global banking-and-markets division's profit surged to C$408 million from C$378 million. Scotiabank lifted its quarterly dividend by 2 Canadian cents to 66 Canadian cents per share. "This quarter benefited from good results across our businesses and a gain on the sale of our investment in CI Financial", said Brian Porter, Scotiabank President and CEO. Scotiabank shares fell 0.38% to $67.29 in pre-market trading.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...