Scotiabank profits down due to CI Financial sale last year

Scotiabank profits down due to CI Financial sale last year

Scotiabank profits down due to CI Financial sale last year The last of Canada’s Big 6 banks to announce financial results for the third quarter did so Friday but the headline profit was down. Scotiabank’s net income was $1.847 billion, down 21.4 per cent from the same period last year. However the 2014 figure included the profit from Scotia’s sale of most of its stake in CI Financial.