TORONTO (AP) _ Bank of Nova Scotia (BNS) on Tuesday reported fiscal first-quarter net income of $2.09 billion.
The bank, based in Toronto, said it had earnings of $1.69 per share. Earnings, adjusted for amortization costs, came to $1.70 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The bank posted revenue of $8.03 billion in the period. Its revenue net of interest expense was $6.35 billion, which also beat Street forecasts.
Bank of Nova Scotia shares have climbed nearly 1% since the beginning of the year. The stock has increased 24% 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
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News