More on Scotiabank results


FQ3 net income excluding notable gains and non-recurring items of $1.796B or $1.40 per share vs. $1.657B and $1.29 a year ago.

Net interest income of $3.155B up 8% Y/Y with core banking margin of 2.41% up eight basis points. Net fee and commission revenue of $1.962B up 12%.

Provision for credit losses of $398M up $84M,

Operating expenses of $3.14B up 5%. Excluding notable gain and non-recurring items, productivity ratio improved to 53.8% from 52.9%.

Quarterly dividend is boosted by 3.1% to $0.66 per share.

Conference call at 8 ET

Previously: Bank of Nova Scotia misses by C$0.01, beats on revenue

BNS flat premarket

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