Investing.com - Bank of Nova Scotia reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of C$1.88 on revenue of C$7.97B. Analysts polled by Investing.com anticipated EPS of C$1.85 on revenue of C$7.84B. That compared to EPS of C$1.76 on revenue of C$7.18B in the same period a year earlier. The company had reported EPS of C$1.7 on revenue of C$7.63B in the previous quarter.
Bank of Nova Scotia shares gained 1.03% to trade at C$68.47 in intra-day trade following the report.
For the year, Bank of Nova Scotia shares are up 0.62%, under-performing the S&P/TSX which is up 14.16% year to date.
Bank of Nova Scotia follows other major Financial sector earnings this month
On Tuesday, Bank of Montreal reported third quarter EPS of C$2.38 on revenue of C$5.78B, compared to forecasts of EPS of C$2.49 on revenue of C$5.96B.
Canadian Imperial Bank earnings beat analyst's expectations on Thursday, with third quarter EPS of C$3.1 on revenue of C$4.75B. Investing.com analysts expected EPS of C$3.06 on revenue of C$4.69B
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