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Scotiabank Q3 profit climbs, company lifts dividend

Staff Writer | August 29, 2017
The Bank Of Nova Scotia or Scotiabank reported that third-quarter net income attributable to equity holders of the Bank was C$2.05 billion, higher than last year's C$1.90 billion.
Scotiabank   Earnings per share were C$1.66
Earnings per share were C$1.66, compared to C$1.54 in the same period a year ago.

Total revenue increased to C$6.89 billion from prior year's C$6.64 billion. Net interest income grew to C$3.83 billion from last year's C$3.60 billion. Non-interest income edged up to C$3.061 billion from C$3.038 billion a year ago.

Return on equity was 14.8%, in line with last year.

Further, the company announced a quarterly dividend increase of 3 cents or 7% to 79 cents.