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Bank of Nova Scotia: Fiscal 4Q Earnings Snapshot

November 26, 2019

TORONTO (AP) _ Bank of Nova Scotia (BNS) on Tuesday reported fiscal fourth-quarter earnings of $1.67 billion.

The Toronto-based bank said it had earnings of $1.31 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.38 per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.38 per share.

The bank posted revenue of $9 billion in the period. Its revenue net of interest expense was $6.04 billion, surpassing Street forecasts.

For the year, the company reported profit of $6.31 billion, or $5.03 per share. Revenue was reported as $23.35 billion.

Bank of Nova Scotia shares have climbed 14% since the beginning of the year. The stock has climbed nearly 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BNS at https://www.zacks.com/ap/BNS