Bank of Nova Scotia (Scotiabank) reported record quarterly earnings with adjusted EPS of $2.28, surpassing analyst expectations of $2.10. Net income rose to $2.95 billion from $2.53 billion the previous year, driven by strong results in its capital markets unit amid high market volatility. The bank also saw growth across Canadian Banking, International Banking, and Global Markets, with Canadian Banking showing its fifth consecutive quarter of margin expansion. Shares rose sharply, and analysts raised price targets, though they caution that elevated capital markets revenue may not sustain at the same level going forward.
Scotiabank and BMO both reported record earnings per share growth last quarter, with Scotiabank up 21% and BMO up 22%. Scotiabank saw a 37% increase in capital markets and 23% in wealth management, while BMO's capital markets grew 45% and wealth 22%....
Canada's Bank of Montreal (BMO) and Bank of Nova Scotia (Scotiabank) reported quarterly earnings that exceeded profit expectations amid rising US-Canada trade tensions. Despite new US tariffs on Canadian imports and Canada's retaliatory tariffs on US...
Scotiabank reported a strong quarterly performance with earnings per share of $1.64, surpassing analyst estimates of $1.53. The bank's net income rose 21% year-over-year to C$3 billion, driven by a 16% revenue increase to $7.52 billion. Growth was fu...
An experienced analyst has moved to a neutral-to-negative stance on most European and North American banks, selling off the majority of his holdings in North American banks, especially Canadian ones. This shift reflects concerns about current market ...
