Scotiabank Q1 profit rises 5%, hikes dividend

Scotiabank grew its first-quarter profit by five per cent to $1.81 billion on stronger earnings from both its Canadian and international banking operations.
Scotiabank is boosting its quarterly dividend by two cents to 72 cents per share. (Nathan Denette/The Canadian Press)

Scotiabank grew its first-quarter profit by five per cent to $1.81 billion on stronger earnings from both its Canadian and international banking operations.

That's up from the $1.73 billion in net income that the bank reported during the same period last year.

The earnings amounted to $1.43 per diluted share, up from $1.35 per share a year ago.

Revenue was $6.37 billion, up from $5.86 billion during the first quarter of 2015.

Scotiabank also boosted its quarterly dividend by two cents to 72 cents per share.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.