Feb 27, 01:10 PM
Scotiabank's Q1 Earnings Beat Estimates with C$1.69 EPS, Revenue C$8.43B; Bank of Montreal Misses Amid Loan-Loss Provisions
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Scotiabank's first-quarter earnings exceeded expectations with an adjusted EPS of C$1.69 compared to estimated C$1.60, and revenue of C$8.43 billion surpassing the estimated C$8.25 billion. The bank's profit rose to $2.2 billion despite higher loan-loss provisions. In contrast, Bank of Montreal missed profit estimates due to weak capital markets and increased loan-loss reserves.
Written with ChatGPT (GPT-3).
Sources
Reuters Business
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