Scotiabank reported third quarter net income of $1,959 million compared to $1,847 million in the same period last year. Diluted earnings per share were $1.54, compared to $1.45 in the same period a year ago. Return on equity was 14.8% compared to 14.7% last year.
“This quarter’s very good results were driven by strong operating performances in all three business lines,” said Brian Porter, President and CEO of Scotiabank. “All of our businesses continue to grow and deepen customer relationships, which has delivered solid asset, deposit and revenue growth.