The appointment comes a day after he was named chairman of Twitter’s board. Read More...
Reuters
Scotiabank profit beats estimates on provisions, lifts dividend by 11%
TORONTO (Reuters) -Bank of Nova Scotia (Scotiabank) kicked off Canadian banks’ fourth-quarter results reporting on Tuesday with better-than-expected profits driven by lower provisions, and lifted its divided by 11% with executives saying the bank was comfortable with current allowances despite the new COVID-19 variant. Scotiabank will also buy back 24 million shares, or around 2% of its outstanding shares, it said. But shares fell 0.6% to C$80.92 in morning trading in Toronto, compared with a 0.5% decline in the benchmark, as earnings excluding the impact of taxes and provisions, particularly in the international business, disappointed.
