Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Scotiabank Q3 profit rises to $2.1 billion, dividend going up nearly 4%

Scotiabank Q3 profit rises to $2.1 billion, dividend going up nearly 4% | iNFOnews.ca
An electronic sign posting financial data is shown outside the Scotiabank building in Toronto Thursday, April 9, 2015. Scotiabank is reporting a $2.1-billion profit in its third quarter and a dividend increase. THE CANADIAN PRESS/Frank Gunn

TORONTO – Scotiabank is reporting a $2.1-billion profit in its third quarter and a dividend increase.

The bank (TSX:BNS) says its net income equalled $1.66 per share, up from $1.54 per share in last year’s third quarter.

About half of the quarter’s profit was from Scotiabank’s Canadian banking arm, which reported improved margins.

Scotiabank’s revenue up about four per cent, rising to $6.89 billion.

Its dividend will rise by three cents to 79 cents per share.

News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

Abbey Westbury

Related Articles