Bank of Nova Scotia: Fiscal Q1 Earnings Snapshot – Associated Press

TORONTO (AP) _ Bank of Nova Scotia (BNS) on Tuesday reported fiscal first-quarter net income of $2.09 billion.

The bank, based in Toronto, said it had earnings of $1.69 per share. Earnings, adjusted for amortization costs, came to $1.70 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The bank posted revenue of $8.03 billion in the period. Its revenue net of interest expense was $6.35 billion, which also beat Street forecasts.

Bank of Nova Scotia shares have climbed nearly 1% since the beginning of the year. The stock has increased 24% in the last 12 months.


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