November 26, 2019 / 11:11 AM / 14 days ago

Canada's Scotiabank reports 1.6% rise in profit

Nov 26 (Reuters) - Bank of Nova Scotia, Canada’s third-biggest lender, posted a 1.6% rise in fourth-quarter profit on Tuesday, helped by growth in its Canadian and international banking units.

Net income rose to C$2.31 billion ($1.74 billion), or C$1.73 per share, in the quarter ended Oct. 31, from C$2.27 billion, or C$1.71 per share, a year earlier. (reut.rs/35F8m6f)

On an adjusted basis, the company earned C$1.82 per share. ($1 = 1.3301 Canadian dollars) (Reporting by Bharath Manjesh in Bengaluru; Editing by Sriraj Kalluvila)

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