Scotiabank reports Q4 profit up 25% to $1.69B, missing expectations due to higher taxes and charges.

Scotiabank reported a 25% increase in Q4 profit to $1.69 billion, despite falling short of analyst expectations due to a higher tax rate and impairment charges. Revenue rose to $8.53 billion, and provisions for bad loans decreased to $1.03 billion. The bank maintained its quarterly dividend at $1.06 per share, with CEO Scott Thomson expressing optimism about strategic progress.

December 03, 2024
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