Scotiabank grows first-quarter profit to $1.81B

TORONTO - Scotiabank grew its first-quarter profit by five per cent to $1.81 billion on stronger earnings from both its Canadian and international banking operations.

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That's up from the $1.73 billion in net income that the bank reported during the same period last year.

The earnings amounted to $1.43 per diluted share, up from $1.35 per share a year ago.

Revenue was $6.37 billion, up from $5.86 billion during the first quarter of 2015.

Scotiabank (TSX:BNS) also boosted its quarterly dividend by two cents to 72 cents per share.


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