Scotiabank profit rises 31 pct on international banking
Dec 7 (Reuters) - Bank of Nova Scotia's quarterly profit rose 31 percent, driven by strong gains in wholesale and international banking.
The bank, known as Scotiabank, said on Friday it earned C$1.52 billion ($1.54 billion) or C$1.18 a share, in the fiscal fourth quarter ended Oct. 31. That compared with a year-before profit of C$1.16 billion, or 97 Canadian cents a share.
Toronto-based Scotiabank boasts operations in more than 50 countries, with the heaviest weighting in Latin America and a growing presence in Asia.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video