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
BNS flat premarket