Bank of Nova Scotia reports higher profit, boosts dividend

Tue Aug 26, 2014 6:22am EDT
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TORONTO Aug 26 (Reuters) - Bank of Nova Scotia reported a higher quarterly profit on Tuesday, helped by strength at its wealth management and insurance businesses, and raised its dividend.

Scotiabank, Canada's No. 3 bank, earned C$2.4 billion ($2.19 billion), or C$1.85 a share, in the third quarter ended July 31, up from C$1.7 billion, or C$1.36 a share, a year earlier.

Excluding notable gains and non-recurring items, the bank said it had earned C$1.40 a share. Analysts had expected C$1.41.

(1 US dollar = 1.0972 Canadian dollar) (Reporting by Jeffrey Hodgson; Editing by Lisa Von Ahn)