May 29, 2012 / 12:13 PM / 5 years ago

Scotiabank results benefit from international growth

TORONTO, May 29 (Reuters) - Bank of Nova Scotia's second-quarter operating profit rose as international banking and lending profits grew, Canada's No. 3 bank said on Tuesday.

Scotiabank earned C$1.46 billion ($1.42 billion), or C$1.15 a share, in the quarter ended April 30. That compared with a year ago profit of C$1.62 billion or C$1.39 a share.

The year-ago profit included a one-time acquisition-related gain of C$286 million, or 33 Canadian cents a share. Excluding that gain, earnings in the latest quarter rose 16 percent.

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