Scotiabank profit increased to $2.35 billion in the quarter.
Scotiabank is boosting its shareholder dividend by two cents, while reporting a higher third-quarter net income of $2.35 billion.
The bank is boosting its dividend by two cents for the quarter ending Oct. 31.
Scotiabank says it earned $1.85 per diluted share in the quarter, up 35 per cent from $1.74 billion, or $1.36 per share, in the same period last year.
The bank says the net earnings include $555 million, or 45 cents per share, related to the sale of a majority of its investment in CI Financial Corp.
Excluding the sale and other one-time items, the bank's adjusted net income was $1.79 billion, up eight per cent from $1.65 billion on adjusted earnings per diluted share of $1.40. Analysts had expected adjusted earnings per share of $1.41.
Return on equity was 20.6 per cent, compared with 17.2 per cent at the same time last year. Revenues were $6.48 billion compared with $5.51 billion.
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