Scott Thomson, president and chief executive officer of Scotiabank, speaks during an event at the Canadian Club in Toronto, Ontario, Canada, on Thursday, June 6, 2024.
“For the third consecutive quarter, we were able to increase profitability, we were able to see sequential earnings growth, which was great. Our Canadian business performed well; we grew deposits … I was pleased with the quarter.”, ahead of the $1.62 average estimate of Bloomberg analysts. “We saw multi-product mortgages improvement, we saw cards improvement, we saw small business improvement, we saw the commercial business do well also.”
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