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Scotiabank Exclusive: Wealth-Management Revenue Increases Beating Q2 Estimates

Scotiabank has reported second-quarter earnings that exceeded analysts’ forecasts despite a challenging global economic backdrop.

FILE PHOTO: A sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada, Dec. 13, 2021. REUTERS/Carlos Osorio/File Photo

The bank’s total revenue rose to 8.35 billion Canadian dollars (approximately $6.13 billion), just above the projected 8.30 billion Canadian dollars.

This marks an increase from last year’s 7.91 billion Canadian dollars.

However, net profit fell slightly, coming in at 2.09 billion Canadian dollars, or 1.57

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