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Bank of Nova Scotia: Fiscal Q1 Earnings Snapshot

TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal first-quarter profit of $1.65 billion.

The Toronto-based bank said it had earnings of $1.25 per share. Earnings, adjusted for non-recurring costs, were $1.48 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The bank posted revenue of $12.54 billion in the period. Its revenue net of interest expense was $6.95 billion, also topping Street forecasts.

Bank of Nova Scotia shares have increased 3% since the beginning of the year. The stock has increased 50% 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

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