(AFX UK Focus) 2010-03-09 12:53 UPDATE 1-Scotiabank profit rises, beats expectations
TORONTO, March 9 (Reuters) – Bank of Nova Scotia said profit rose 17 percent in the first quarter as domestic banking earnings surged 28 percent on stronger mortgage sales and deposits, offsetting a rise in loan loss provisions. Scotiabank, Canada’s third-largest lender, reported net income of C$988 million ($959 million), or 91 Canadian cents a share, for the first quarter ended Jan. 31. That …
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