BLOOMBERG Bank of Nova Scotia (Scotiabank) missed analysts’ estimates as the lender failed to capitalise on rising interest rates and took a bigger provision for potentially souring loans than expected. Net interest margin — the difference between what the bank earns from loans and what it pays depositors — was 2.13% in the fiscal second quarter, compared with 2.11% in ...

BLOOMBERG Bank of Montreal posted a surprise drop in fiscal second-quarter profit as it set aside a larger provision for loan losses than analysts had expected and trading revenue fell. The bank’s provision for credit losses of C$1.02 billion ($755 million) included an initial C$517 million on the performing loan portfolio of Bank of the West, the bank said in ...

BLOOMBERG DBS Group Holdings Ltd expects to achieve earnings of more than S$10 billion ($7.4 billion) in the medium term, driven by a strong balance sheet and an ongoing digital transformation. Return-on-equity is expected to be in a range of 15% to 17%, Southeast Asia’s biggest lender said in an investor day presentation, referring to a time frame of three ...