Meanwhile, Scotiabank’s net income during the three-month period ended Jan. 31 slipped to $2.25 billion from $2.34 billion a year earlier. However, Scotiabank’s global banking and markets business saw a 26 per cent drop in net income attributable to equity holders to $335 million. It was a “solid quarter” for Canada’s fourth-largest lender, said Robert Sedran, an analyst with CIBC Capital Markets. The bank could not escape the weak capital markets environment, and also saw a decline in Canadian retail banking, said John Aiken, an analyst with Barclays in Toronto. Scotiabank’s Canadian banking arm reported income attributable to equity holders slip by three per cent to $1.07 billion.

Source: thestar February 26, 2019 11:46 UTC