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Scotiabank Earnings: Q2 breakdown for investors
– moneysense.ca
The bank said Tuesday its net income fell to $2.09 billion or $1.57 per diluted share for the quarter ended April 30, down from $2.15 billion or $1.68 per diluted share in the same quarter last year.
Revenue totalled $8.35 billion, up from $7.91 billion a year earlier.
The bank’s provision for credit losses for the quarter amounted to $1.01 billion, up from $709 million in the same quarter last year.
On an adjusted basis, Scotiabank says it earned $1.58 per diluted share in its latest quarter, down from an adjusted profit of $1.69 per diluted share a year earlier.
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The average analyst estimate had been for a profit of $1.56 per share, according to data provided by LSEG Data & Analytics.
“The bank delivered solid results this quarter against a backdrop of ongoing macroeconomic uncertainty, reporting positive operating leverage driven by revenue growth and continued expense discipline,” Scotiabank chief executive Scott Thomson said in a statement…
The best GIC rates in Canada for 2024
– moneysense.ca
Investing
The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.
By Keph Senett and Justin Dallaire on May 28, 2024Estimated reading time: 22 minutes
Currently, Canadians can find many GICs with rates in the 4% to 5% range—that’s good compared to a few years ago, but not quite the 6% you could get last fall…
