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

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.

On an adjusted basis, Scotiabank says it earned $1.58 per diluted share in its latest quarter, down from an adjusted profit of $1.69 per diluted share a year earlier. "The bank delivered solid results this quarter against a backdrop of ongoing macroeconomic uncertainty, reporting positive operating leverage driven by revenue growth and continued expense discipline," Scotiabank chief executive Scott Thomson said in a statement.

Meanwhile, it said its international banking operations earned net income attributable to equity holders of $671 million, up from $636 million in the same quarter last year.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scotiabank reports $2.09B Q2 profit, down from $2.15B a year earlierTORONTO — 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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Scotiabank reports $2.09B Q2 profit, down from $2.15B a year earlierThe Bank of Nova Scotia reported its second-quarter profit fell compared with a year ago as it set aside more money for loan losses.
Source: CTVNews - 🏆 1. / 99 Read more »