- Category: Economic
- Published Tuesday, March 1, 2016
- CTV News
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.
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.