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Bank of Nova Scotia posts second-quarter profit decline on higher provisions

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Scotiabank reported earnings per share, excluding one-time items, of $1.70, down from $2.18 a year earlier

reported a drop in second-quarter profit on Wednesday, hit by the Canadian lender setting aside higher provisions amid a challenging economic outlook.

Net income, excluding one-off items, came in at $2.17 billion, or $1.70 a share, in the three months ended April 30, compared with $2.77 billion, or $2.18 a share, a year earlier.Tickers mentioned in this story

 

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