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BRIEF-Scotiabank Reports First Quarter 2021 Results

Published 2021-02-23, 06:13 a/m
© Reuters.
BNS
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Feb 23 (Reuters) - Bank of Nova Scotia BNS.TO :

* SCOTIABANK REPORTS FIRST QUARTER 2021 RESULTS

* Q1 EARNINGS PER SHARE C$1.86

* Q1 EARNINGS PER SHARE ESTIMATE C$1.53 -- REFINITIV IBES DATA

* Q1 ADJUSTED EARNINGS PER SHARE C$1.88

* SCOTIABANK - QTRLY RETURN ON EQUITY OF 14.2%, UNCHANGED FROM PREVIOUS YEAR

* SCOTIABANK - QTRLY TOTAL REVENUE $8.07 BILLION VERSUS $8.14 BILLION

* Q1 REVENUE VIEW C$7.74 BILLION -- REFINITIV IBES DATA

* SCOTIABANK - QTRLY NET INTEREST INCOME $4.35 BILLION VERSUS $4.39 BILLION

* SCOTIABANK - QTRLY PROVISION FOR CREDIT LOSSES WAS $764 MILLION, COMPARED TO $926 MILLION

* SCOTIABANK - TOTAL ALLOWANCE FOR CREDIT LOSSES AS AT JANUARY 31, 2021 WAS $7,810 MILLION.

* SCOTIABANK - CET1 CAPITAL RATIO WAS 12.2% AT JANUARY 31, 2021, AN INCREASE OF ABOUT 40 BPS FROM PRIOR QUARTER

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