Scotiabank reports $2.5B second-quarter profit, beats expectations

The bank says it earned $2.46 billion or $1.88 per diluted share for the quarter ended April 30, up from a profit of $1.32 billion or $1.00 per diluted share in the same quarter last year.

The improvement came as Scotiabank's provisions for credit losses fell to $496 million compared with $1.85 billion a year ago when the pandemic began and the economy came to halt.On an adjusted basis, Scotiabank says it earned $1.90 per diluted share, up from an adjusted profit of $1.04 per diluted share a year ago.

The results at Scotiabank followed the trend set last week by Canada's other big banks that also reported better-than-expected results for their second quarter.

And we get .9% interest! Shameful.

Seems housing was a good year.

Well that explains some fees🤣🤣🤣

No no no, Justi will change the system!!!! Yeah , no.

And then instead of investing in Canada $500 million to buy a Chilean bank. Yeah great for us Canadians.

Isn't that lovely. And we just keep letting this happen. Shame on this bank

As service rates rise, fuck them all

scotiabank And these banks continue to 'rip people off' with fees etc. and as of today? bank fees are going UP! Find a bank with no charges, and more interest rate than other banks. One is CANADIAN TIRE BANK!!!!! CHECK IT OUT

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