December 1, 2015 / 11:31 AM / 3 years ago

Scotiabank fourth-quarter profit rises on asset growth

TORONTO, Dec 1 (Reuters) - Bank of Nova Scotia, Canada’s third-largest bank, reported a higher quarterly profit that beat market expectations on Tuesday, driven by robust asset growth and a benefit from favorable foreign exchange moves.

Net income for the quarter ended October 31 was C$1.84 billion, or C$1.45 per share, compared with C$1.44 billion, or C$1.10 per share, in the fourth quarter of 2014.

Analysts on average had expected earnings of C$1.43 a share, according to Thomson Reuters I/B/E/S. (Reporting by John Tilak; editing by Jason Neely)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below