Analysts on average had expected C$1.78 a share
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Bank of Nova Scotia reported a drop in second-quarter profit on Wednesday, hit by the Canadian lender setting aside higher provisions amid a challenging economic outlook.
Net income, excluding one-off items, came in at C$2.17 billion ($1.62 billion), or C$1.7 a share, in the three months ended April 30, compared with C$2.77 billion, or C$2.18 a share, a year earlier.
Analysts on average had expected C$1.78 a share, according to Refinitiv data. ($1 = 1.3372 Canadian dollars)
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