TSX closes 243 points higher on financials and materials
The index leans on financials and materials, which leaves it with less direct tariff exposure, he told The Canadian Press.
Scotiabank reported third-quarter net income of $2,953m against $2,527m a year earlier, according to the bank’s release, with diluted earnings per share of $2.27 and adjusted diluted EPS of $2.28.
Adjusted return on equity reached 14.2 percent from 12.4 percent, clearing the bank’s medium-term target.
Reuters noted the bank hit that goal a year ahead of the 2027 schedule it had set, and reported that income at the global banking and markets unit grew 37 percent on record underwriting and advisory fees.
“Q3 was a record quarter for the Bank, as all business lines reported strong results and we exceeded our medium-term objectives in the period,” said Scott Thomson, president and CEO of Scotiabank, in the bank’s release.
