Beat Analyst Estimates
The company posted earnings of $2.2 billion per share in Q4, up from $1.69 billion in 2024’s fourth quarter. Adjusted earnings per share were $1.93, higher than the $1.84 expected by analysts, while net income on the global banking and markets side also surpassed forecasts.
Loans rose to $1.1 billion, compared with $1.03 billion the same time last year. Analysts had expected a PCL of about $1.08 billion.
But overall, Scotiabank chief executive officer Scott Thomson said the results reflected a “very positive year” for the bank, pinpointing the strength of its global wealth management and global banking and markets units.
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