Tue, December 3, 2024
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Canada's Scotiabank misses profit estimates on higher taxes, expenses
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Trade finance fintech Modifi to invest more in Indian operations
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Karnataka HC quashes electoral bonds case against .. Nirmala Sitharaman, former state BJP chief Kateel
[ Tue, Dec 03rd 2024 ]: Bill Williamson
PNB Housing Finance to start Loan Against Property from April 2025, says MD & CEO Girish Kousgi
[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
Will RBI announce a rate cut? MPC meet date, time, and what to expect
[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Thai Finance Minister says room for rate cut as inflation is low
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Partnership of promise
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Art Cashin, Wall Street veteran and CNBC regular, dies at age 83
[ Mon, Dec 02nd 2024 ]: Bill Williamson
The Bill Gates Foundation Bought 1,000,000 Shares .. 3 2024 And They're Both In The Same Sector - Why?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
America's biggest private company is laying off thousands of workers
[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
Planet Partners with Laconic to Deliver AI-Powere .. , Aiming to Enable Informed Carbon Credit Trading

Canada's Scotiabank misses profit estimates on higher taxes, expenses

Bank of Nova Scotia missed analysts' estimates for quarterly profit on Tuesday, hurt by higher taxes and elevated expenses related to compensation and technology.
Bank of Nova Scotia, commonly known as Scotiabank, reported a lower-than-expected profit for the first quarter ending January 31, 2024, due to increased taxes and expenses. The bank's adjusted earnings per share were C$1.68, falling short of the C$1.79 anticipated by analysts according to LSEG data. This shortfall was attributed to a significant rise in non-interest expenses, which increased by 11% to C$3.57 billion, and a 10% hike in provisions for credit losses to C$962 million. Despite these challenges, Scotiabank saw a 6% increase in total revenue to C$8.43 billion, driven by growth in its Canadian banking and international segments. However, the bank's net income fell by 27% to C$1.67 billion, reflecting the impact of higher costs and provisions.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/canadas-scotiabank-misses-profit-estimates-higher-taxes-expenses-2024-12-03/ ]