Bank of Nova Scotia: Fiscal Q3 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal third-quarter profit of $1.37 billion.
The bank, based in Toronto, said it had earnings of $1.03 per share. Earnings, adjusted for non-recurring costs, were $1.19 per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.19 per share.
The bank posted revenue of $14.01 billion in the period. Its revenue net of interest expense was $6.11 billion, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $6.2 billion.
Bank of Nova Scotia shares have dropped slightly since the beginning of the year. The stock has risen nearly 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BNS at https://www.zacks.com/ap/BNS