Published 8 months ago

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

Scotiabank reported a decrease in its earnings per share, from $2.06 to $1.26, falling short of analysts' expectations.
The bank earned $1.4 billion in the last quarter, compared to $1.63 per share in the same period last year. Additionally, it incurred charges of over $590 million due to cost-cutting measures and a write down of an investment.
Despite challenges, Scotiabank remains optimistic about its growth strategy and balance sheet.

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CBC News

Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, including doubling the amount of money the bank sets aside to potentially write off loans that are in danger of not being paid back.

8 months ago·Canada

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Winnipeg Free Press

Scotiabank reports Q4 profit down from year ago

TORONTO – Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled. The bank says its […]

8 months ago·Winnipeg, Canada

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Financial Post

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

TORONTO -- Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled.

8 months ago·Canada

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Toronto Sun

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled.

8 months ago·Toronto, Canada

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Coast Reporter

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

TORONTO — Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled. The bank said Tuesday its net income totalled nearly $1.39 billion or $1.

8 months ago·Sechelt, Canada

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