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Bank of Nova Scotia posts 2Q profit

TORONTO (AP) _ Bank of Nova Scotia (BNS) on Tuesday reported fiscal second-quarter earnings of $1.5 billion.

The bank, based in Toronto, said it had earnings of $1.22 per share. Earnings, adjusted for amortization costs, came to $1.23 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The bank posted revenue of $6.53 billion in the period. Its adjusted revenue was $4.95 billion.

Bank of Nova Scotia shares have risen slightly more than 1 percent since the beginning of the year. The stock has risen 13 percent in the last 12 months.


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


Keywords: Bank of Nova Scotia, Earnings Report