Scotiabank Earnings Reports

Scotiabank delivered weaker Q2 results amid a challenging macroeconomic environment, with net income slightly down and higher provisions for credit losses. Despite this, Global Wealth Management and Capital Markets showed strength, and capital levels remained solid.

Scotiabank reported adjusted net income of $2.362 billion and adjusted diluted EPS of $1.76. Revenue grew to $9.372 billion, driven by higher net interest income and non-interest income. The bank faced higher provisions for credit losses and non-interest expenses, but strong performance in Global Banking and Markets offset some pressures.