Bank of Nova Scotia: Fiscal Q4 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal fourth-quarter profit of $1.6 billion.

The bank, based in Toronto, said it had earnings of $1.19 per share. Earnings, adjusted for non-recurring costs, were $1.39 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The bank posted revenue of $13.28 billion in the period. Its revenue net of interest expense was $7.06 billion, which also topped Street forecasts.

Bank of Nova Scotia shares have risen 28% since the beginning of the year. The stock has risen 20% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BNS at https://www.zacks.com/ap/BNS