Scotiabank Extends Earnings Record in International Banking
- Lender joins other Canadian banks in beating analyst estimates
- Scotiabank expands presence in Chile, Colombia, Peru
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Bank of Nova Scotia continued its record earnings streak in international banking.
Canada’s most global bank saw profit from its overseas unit jump 13 percent to C$745 million ($573 million), extending its record for a second quarter. The contributions, along with gains in Canadian banking, helped the Toronto-based bank company post overall profit that beat analysts’ estimates. Latin America accounted for 60 percent of international banking earnings in the quarter ended April 30.