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TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal first-quarter earnings of $1.29 billion.
The bank, based in Toronto, said it had earnings of $1.01 per share. Earnings, adjusted for non-recurring costs, came to $1.37 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The bank posted revenue of $12.3 billion in the period. Its revenue net of interest expense was $5.93 billion, also missing Street forecasts.
Bank of Nova Scotia shares have increased nearly 8% since the beginning of the year. The stock has decreased 27% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BNS">Zacks stock report on BNS at https://www.zacks.com/ap/BNS