Scotiabank reports higher quarterly profit driven by rising interest income
The Bank of Nova Scotia reported a first-quarter profit of 2.7 billion Canadian dollars on Tuesday. Higher interest income boosted earnings despite trade issues.
Insights:
The Bank of Nova Scotia reported a higher adjusted first-quarter profit of C$2.70 billion for the quarter ended January 31, up from C$2.36 billion a year earlier. The bank announced the results on Tuesday, noting that the increase in quarterly earnings materially alters its reported financial performance for the period.
