Toronto-based Bank of Nova Scotia on Nov. 28 reported fiscal fourth-quarter net income attributable to common shareholders of C$1.99 billion, or C$1.64 per share, compared to C$1.91 billion, or C$1.57 per share, in the year-ago quarter.
The S&P Capital IQ consensus normalized EPS estimate was C$1.66.
For the three months ended Oct. 31, net income of Scotiabank's banking segments increased year over year. The Canadian banking segment's net income rose to C$1.07 billion from C$954 million, while that of the international banking segment went up to C$660 million from C$619 million.
On the other hand, the global banking and markets segment's fiscal fourth-quarter net income slid to C$391 million from C$461 million.
Total revenue was C$6.81 billion, up from the C$6.75 billion in the year-ago quarter.
Provision for credit losses was C$536 million, compared to C$550 million in the fiscal fourth quarter of 2016.
For fiscal 2017, Scotiabank recorded net income attributable to common shareholders of C$7.88 billion, or C$6.49 per share. It was C$6.99 billion, or C$5.77 per share in fiscal 2016.
The S&P Capital IQ consensus normalized EPS estimate for fiscal 2017 was C$6.56.
