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Company News

Scotiabank reports 5 percent increase in quarterly earnings

TORONTO, Aug 28 (Reuters) - Bank of Nova Scotia, Canada’s third-biggest lender, reported a 5 percent increase in third-quarter earnings on Tuesday, helped by growth in its domestic and international businesses.

Scotiabank said earnings per share, excluding one-off items, rose to C$1.76 ($1.35) from C$1.68 a year ago in the quarter ended July 31. Analyst had on average forecast earnings of C$1.75, according to Thomson Reuters I/B/E/S. ($1 = 1.3055 Canadian dollars) (Reporting by Matt Scuffham, editing by Louise Heavens)

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