News Formal

Scotiabank Earnings Miss Estimates as Lending Margin Shrinks

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 50%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Bank of Nova Scotia missed analysts’ estimates as lending margins shrank from a year earlier and the company increased provisions for potentially souring loans.

Net interest margin, a measure of how much Scotiabank makes from lending money compared with what it pays for deposits, came in at 2.1% for the fiscal third quarter, the Toronto-based company said in a statement Tuesday. That was worse than the 2.13% it reported for the second quarter and 2.22% a year earlier, and lower than the 2.3% average analyst forecast in a Bloomberg survey. Overall earnings fell short of analysts’ estimates.

The unit’s net interest margin shrank to 4.1% in the three months through July from 4.12% in the fiscal second quarter. Scotiabank has suffered a number of recent departures from its North American bond-trading teams, including the exit of Jacqueline Kope, Bloomberg News reported last week.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Best Buy earnings beat estimates, but it wasn't a great quarterBest Buy's quarter had several holes in it that investors should consider before cheering an earnings beat.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »