Scotiabank beats profit estimates on wealth management, capital market strength

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Bank Of Nova Scotia Noticias

Scott Thomson,Capital Market,Canada

(Reuters) -Bank of Nova Scotia on Tuesday reported better than expected quarterly earnings, boosted by gains in its capital market business, rises in...

-Bank of Nova Scotia on Tuesday reported better than expected quarterly earnings, boosted by gains in its capital market business, rises in brokerage revenue in Canada and mutual fund fees overseas.

"The reality of a higher for longer rate scenario will naturally result in a continuation of elevated credit provision in our retail portfolios." "We have a mildly positive view," RBC Capital markets analyst Darko Mihelic said, noting Scotiabank's credit quality was stable and had positive operating leverage.

Its profit declined to C$2.11 billion, or C$1.58 per share, for the three months ended April 30, from C$2.16 billion, or C$1.69 per diluted share, a year earlier.Scotiabank today announced a dividend on the outstanding shares of the Bank, payable July 29, 2024, to shareholders of record at the close of business on July 3, 2024:Bank of Nova Scotia delivered earnings and revenue surprises of 1.75% and 0.84%, respectively, for the quarter ended April 2024.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 47. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Scotiabank beats profit estimates on wealth management, capital market strengthThe bank said net income at its global wealth management unit rose 8% in February-April, its second quarter, driven by a 6% increase in Canada and a 19% rise...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Scotiabank beats estimates with second-quarter earnings, sets aside more loan-loss provisionsAdjusted earning of $1.58 per share for the three months ended April 30 edged out the $1.55 per share analysts had expected
Fuente: globebusiness - 🏆 31. / 66 Leer más »