Scotiabank Tops Estimates on Capital Markets, Takes Charge

Bank of Nova Scotia topped estimates on better-than-expected results at its capital-markets unit while forecasting faster growth next year in its core Canadian banking division.

The Toronto-based lender earned C$1.93 per share on an adjusted basis in its fiscal fourth quarter, according to a statement Tuesday, more than analysts’ C$1.84 average estimate. It also booked a restructuring charge to cut expenses.