Scotiabank shares slip on Q4 earnings miss
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Scotiabank's fiscal fourth quarter earnings missed market expectations, leading to a decline in its share price. The bank reported revenue of $8.53 billion, which was below the estimated $8.63 billion.
December 03, 2024 | 4:00 pm
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Scotiabank's Q4 earnings report showed a miss on both revenue and profit expectations, leading to a decline in its share price.
The earnings miss on both revenue and profit is a significant negative indicator for investors, likely causing a short-term decline in Scotiabank's share price. The market's reaction to the earnings miss is reflected in the early trading decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100