Scotiabank Q2 profit climbs to 2.63 billion Canadian dollars
Scotiabank reported a second-quarter profit of C$2.63 billion as interest income rose 4.8 percent. Stronger trading activity also supported the bank's results.
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BANK OF NOVA SCOTIA reported second-quarter net income rose to C$2.63 billion, or C$2 per share, on May 27. Earnings climbed from C$2.03 billion a year earlier as net interest income in Canada rose 4.8% to C$5.52 billion. Lower deposit costs and increased trading activity are offsetting macroeconomic pressures, though the stock still underperforms Canadian peers.
