Scotiabank Q4 rebound driven by trading

摘要

bank of nova scotia reported strong capital markets results for the fourth quarter - good enough to rescue the year for the Canadian bank. Revenue from the bank's global banking and markets group, which is comprised of capital markets and business banking, rose 8% in the quarter to C$1.2bn, leaving annual revenues down 1% from the year before. The performance in the quarter was driven primarily by gains in fixed-income trading, the bank said.