Bank of Nova Scotia reports quarterly profit boost, raises dividend
Bank of Nova Scotia has reported an increase in its second-quarter profits, attributed to strong trading revenue. The bank's net income rose to $2.63 billion, up from $2.03 billion in the same period last year. Additionally, Scotiabank announced a dividend increase to $1.14 per share.
- ▪Bank of Nova Scotia reported a net income of $2.63 billion for the second quarter.
- ▪This is an increase from $2.03 billion in the same quarter last year.
- ▪The bank is raising its dividend to $1.14 per share, a 4-cent increase.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountBank of Nova Scotia BNS-T reported a rise in second-quarter profit on Wednesday, as the lender was helped by strong revenue from its trading desks amid a volatile market.The bank reported a net income of $2.63-billion or $2 per share, in the three months ended April 30, compared with $2.03-billion, or $1.48 per share, in the year-ago period.In a press release, Scotiabank said it is boosting its dividend to $1.14 a share, an increase of 4 cents.- with a report by Globe staff
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