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BUZZ-Scotiabank falls after Q1 profit more than halves

ReutersFeb 25, 2025 2:53 PM

Shares of Bank of Nova Scotia BNS.TO falls 2.3% to C$70.63 in early trade

BNS first-quarter profit drops as the bank recorded an impairment charge of C$1.36 billion due to the sale of Latin American assets

Net profit declines to C$993 million ($696.01 million), or 66 Canadian cents apiece, for the quarter ended January 31, from C$2.2 billion, or C$1.68 per share, in the year-ago period

As of last close, shares of BNS have shed ~6% YTD

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