Scotiabank annual profit hits record $6.7B
Bank of Nova Scotia reports it had a record annual profit of nearly $6.7 billion in 2013.
That included $1.7 billion of net income in the three months ended Oct. 31 — up 12 per cent from last year's fiscal fourth quarter, but down from $1.77 billion in the previous quarter ended July 31.
Scotiabank also says it earned $1.30 per share of net income in the fourth quarter, up from $1.18 a year earlier.
Earnings per share under standard accounting was in line with analyst estimates of $1.30 per share.
Scotiabank's next dividend will be 62 cents per share.