The bank says its profit amounted to 30 cents per share for the quarter ended Jan. 31, compared with a profit of $4.43 per diluted share a year earlier
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingTORONTO — Scotiabank reported its first-quarter profit fell compared with a year ago as its provisions for credit losses climbed higher. The bank said Tuesday it earned $1.77 billion or $1.36 per diluted share for the quarter ended Jan. 31, down from a profit of $2.74 billion or $2.
The Montreal-based bank said Tuesday it earned $51.9 million or $1.09 per diluted share for the quarter ended Jan. 31, compared with a profit of $55.5 million or $1.17 per diluted share a year earlier. Revenue totalled $260.1 million for the bank's latest quarter, up from $257.5 million in the same quarter last year.
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