Reported 1 day ago
Scotiabank's latest fiscal results fell short of analysts' expectations due to elevated expenses and an impairment charge linked to its investment in a Chinese bank. The Toronto-based lender reported an adjusted earnings per share of C$1.57, below the estimated C$1.60, while operational expenses reached C$5.3 billion. The bank also announced plans to improve productivity in its international operations, particularly as credit conditions worsen. Despite these challenges, growth was noted in its Canadian banking and wealth-management sectors.
Source: YAHOO