TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal fourth-quarter earnings of $1.6 billion.
The Toronto-based bank said it had earnings of $1.19 per share. Earnings, adjusted for non-recurring costs, were $1.39 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The bank posted revenue of $13.28 billion in the period. Its revenue net of interest expense was $7.06 billion, which also beat Street forecasts.
For the year, the company reported profit of $5.56 billion, or $4.05 per share. Revenue was reported as $26.94 billion.
Bank of Nova Scotia shares have climbed 28% since the beginning of the year. The stock has risen 20% 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
/A%20concept%20image%20of%20space_%20Image%20by%20Canities%20via%20Shutterstock_.jpg)
/A%20concept%20image%20of%20a%20flying%20car_%20Image%20by%20Phonlamai%20Photo%20via%20Shutterstock_.jpg)
