Scotiabank Quarterly Earnings Rise as Loan-Loss Provisions Fall

Dow Jones

2024/12/03

Scotiabank's adjusted earnings of C$1.57 a share missed the C$1.60 mean forecast of analysts polled by FactSet. "Scotiabank Quarterly Earnings Rise as Loan-Loss Provisions Fall," at 06:52 a.m. ET, incorrectly said the result beat expectations.

(END) Dow Jones Newswires

December 03, 2024 09:12 ET (14:12 GMT)

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Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Scotiabank Quarterly Earnings Rise as Loan-Loss Provisions Fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BNS","symbol_name":"丰业银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2488153679","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488153679","pubTimestamp":1733226720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Bank of Nova Scotia recorded a rise in earnings for the latest quarter thanks to loan growth and a fall in money set aside for credit losses.The Canadian bank reported net income of 1.69 billion Canadian dollars , or C$1.22 a share, for the fiscal fourth quarter against C$1.35 billion, or C$0.99, a year earlier. On an adjusted basis which strips out certain items, the Canadian bank reported earnings of C$1.57 a share, beating the C$1.60 mean forecast of analysts polled by FactSet.Revenue was up 3.1% to C$8.53 billion for the for the three months to Oct. 31 from C$8.27 billion, where analysts expected C$8.63 billion.Net interest income was 5.5% higher than last year at C$4.92 billion, while noninterest revenue slipped by C$3 million to C$3.6 billion.Scotiabank kicks off earnings season for Canada's big banks.Scotiabank in August picked up a 4.9% stake in KeyCorp, the first leg in a planned $2.8 billion investment to secure an almost 15% stake in the U.S. regional","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BNS":"丰业银行"},"translate_title":"随着贷款损失准备金下降，丰业银行季度收益上升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BNS":0.9},"content_text":"Scotiabank's adjusted earnings of C$1.57 a share missed the C$1.60 mean forecast of analysts polled by FactSet. \"Scotiabank Quarterly Earnings Rise as Loan-Loss Provisions Fall,\" at 06:52 a.m. ET, incorrectly said the result beat expectations. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 03, 2024 09:12 ET (14:12 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}