Investing.com - Bank of Nova Scotia reported second quarter earnings that missed analysts' expectations on Tuesday and revenue that was inline with forecasts.
The firm reported earnings per share of C$1.7 on revenue of C$7.63B. Analysts polled by Investing.com expected EPS of C$1.74 on revenue of C$7.63B. That compared to EPS of C$1.7 on revenue of C$7.06B in the same period a year earlier. The company had reported EPS of C$1.75 on revenue of C$7.6B in the previous quarter.
Bank of Nova Scotia shares lost 0.69% to trade at C$70.08 in intra-day trade following the report.
For the year, Bank of Nova Scotia shares are up 2.98%, under-performing the S&P/TSX which is up 15.28% year to date.
Bank of Nova Scotia follows other major Financial sector earnings this month
On Thursday, Toronto Dominion Bank reported second quarter EPS of C$1.75 on revenue of C$10.23B, compared to forecasts of EPS of C$1.68 on revenue of C$9.63B.
Canadian Imperial Bank earnings missed analyst's expectations on Wednesday, May 22, 2019, with second quarter EPS of C$2.97 on revenue of C$4.54B. Investing.com analysts expected EPS of C$2.99 on revenue of C$4.55B
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