Q: Thoughts please on the quarter?
Thx
Thx
5i Research Answer:
EPS beat expectations of $1.56 coming in at $1.58. Total revenue was $8.35B, coming in slightly ahead of forecasts of $8.31B and increasing by about 5.5% from the year prior. The dividend remained flat where analysts had hoped for a 2c increase. Credit-loss provisions came in at $1.01B and were close to consensus estimates. Its earnings were boosted by gains in its capital markets business, rises in brokerage revenue in Canada, and mutual fund fees overseas. Overall, it was a decent quarter for BNS that largely came in line with expectations and we feel that these results can help stabilize the name.