Scotiabank reports higher Q4 profit on shrinking loan loss provisions-May 2024-www.financetom.com

Scotiabank reports higher Q4 profit on shrinking loan loss provisions

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Scotiabank reports higher Q4 profit on shrinking loan loss provisions

Dec 3, 2024 3:34 AM

Dec 3 (Reuters) - Canada's Bank of Nova Scotia ( BNS )

reported a higher fourth-quarter profit on Tuesday, as it set

aside a smaller amount in rainy-day funds and earned more from

interest.

The lender reported a profit of C$1.69 billion, or C$1.22

per share in the quarter ended Oct. 31, compared to C$1.35

billion, or 99 Canadian cents apiece in the year-ago period.

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