DBRS Morningstar: Scotiabank’s Q4 2019 Earnings Reflect Higher PCLs and Expenses; Well Positioned for F2020
The Bank of Nova Scotia (Scotiabank or the Bank) reported Q4 2019 net income of $2.3 billion, a 16% quarter over quarter (QOQ) improvement. Adjusting for acquisition and divestiture-related items, net income declined 2% sequentially to $2.4 billion.
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