Scotiabank's 1Q net income rose 14% to C$2.17bn, beating analyst estimates, while Bank of Montreal's earnings fell short.
Canada's Scotiabank reported a 14% rise in first-quarter net income, beating analyst estimates, while rival Bank of Montreal's earnings fell short. Scotiabank's income was C$2.17 billion ($1.61 billion), up from C$1.72 billion a year earlier, and earnings per share were C$1.68, compared with C$1.35 a year ago. The bank's shares rose 3.6% in morning trading on Tuesday, while Bank of Montreal's shares fell 3.9%.
February 27, 2024
21 Articles