Scotiabank reported net income of $2.26 billion or $1.73 per diluted share for the three-month period ended April 30, up from $2.18 billion or $1.70 per diluted share a year earlier. Its international banking division generated net income of $769 million, up 3.2 per cent from $745 million a year earlier. After adjusting for acquisition and divestiture related costs, the division's net income amounted to $787 million, up 15 per cent from a year ago. This was in line with the prior quarter, but down from 12 per cent during the second quarter of 2018. Scotiabank's earnings come after the Canadian Imperial Bank of Commerce, Royal Bank of Canada and Toronto-Dominion Bank delivered their second quarter results last week.

Source: CBC News May 28, 2019 10:18 UTC