Q: Thoughts on the quarter please?
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5i Research Answer:
EPS of $1.76 beat estimates of $1.65; revenue of $9.37B beat estimates of $8.86B. Provisions for losses $1.16 vs estimates $1.09B. Tier I ratio 12.9% matching estimates. ROE 11.8% vs 11.0% estimate. Interest margin 2.23% vs 2.22%. There was an impairment loss of $1.355B on the company's Central American division. All-in, though, a decent quarter, with client focus highlighted. BNS said 'modest' dividend growth will resume in the next quarter.