Scotiabank reports $2.09B Q2 profit, down from $2.15B a year earlier

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Bank Of Nova Scotia,The Canadian Press

TORONTO — The Bank of Nova Scotia reported its second-quarter profit fell compared with a year ago as it set aside more money for loan losses.

The bank says its net income fell to $2.09 billion or $1.57 per diluted share for the quarter ended April 30, down from $2.15 billion or $1.68 per diluted share in the same quarter last year.The bank's provision for credit losses for the quarter amounted to $1.01 billion, up from $709 million in the same quarter last year.

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