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Stock impact report

Scotiabank hikes dividend, but profit slips 4% amid ‘significant market volatility’ [Financial Post (Toronto, Ontario, Canada)]

Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS) 
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am Check Earnings Report
Company Research Source: Financial Post
Scotiabank hikes dividend, but profit slips 4% amid 'significant market volatility' The Bank of Nova Scotia missed earnings estimates TORONTO — The Bank of Nova Scotia hiked its dividend as it reported its first-quarter profit slipped to $2.25 billion from $2.34 billion a year earlier. Canada’s third-largest bank raised its quarterly payment to common shareholders by two cents to 87 cents per share. The Toronto-based lender’s earnings for the three-month period ended Jan. 31 amounted to $1.71 per diluted share, compared with $1.86 a year ago. On an adjusted basis, the bank reported first-quarter net income of $1.75 per diluted share, down from $1.87 per diluted share a year ago. That was below the adjusted earnings of $1.82 per share expected by analysts, according to Thomson Reuters Eikon. Scotiabank chief executive Brian Porter said while “significant market volatility” impacted some of the lender’s business, it was a “solid start” to the year with strong earnings in international b Show less Read more
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