Bank of Nova Scotia reported $960 million in revenue from Canadian personal banking, up 5 per cent year over year and below analyst forecasts compiled by Visible Alpha. Its global wealth management division generated $481 million in profit, up 18 per cent from $407 million last year, while global banking and markets profits rose 5 per cent to $544 million. (The Logic)

Talking point: Scotiabank posted net income of $2.3 billion, compared to $993 million in the same quarter last year. That prior-year quarter was weighed down by a $1.36-billion impairment charge related to the sale of its banking operations in Colombia, Costa Rica and Panama, the bank said in a press release—profit in its international banking division rose 10 per cent to $717 million. The lender also set aside more provisions for credit losses than a year ago, allocating $1.18 billion, up from $1.16 billion. On the earnings call, Scotiabank CEO Scott Thomson said unrest in Mexico is not expected to materially affect its results, adding the bank has no exposure to resorts or resort operators.

Correction: This briefing has been updated to correctly identify the speaker on the Scotiabank earnings call.

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