Reported about 20 hours ago
The Bank of Nova Scotia reported a quarterly profit that fell short of analysts' expectations, attributed to increased taxes and elevated expenses. Despite an adjusted profit increase of 29% to C$2.12 billion, earnings per share were C$1.57, below the anticipated C$1.60. The bank plans to strengthen its presence in the U.S. by acquiring a stake in KeyCorp, while focusing on growth in North America and reassessing its Latin American investments.
Source: YAHOO