(Bloomberg) — Improving markets gave Bank of Nova Scotia and Bank of Montreal a first-quarter profit boost, with the two Canadian financial giants reporting higher earnings in capital markets and wealth management.Scotiabank’s capital-markets division posted a turnaround quarter, while earnings from global wealth management climbed as well. They were the Toronto-based company’s best-performing units in the three months through Jan. 31. Bank of Montreal benefited as well, with a 39% surge in BMO Capital Markets earnings, helping counter a profit decline at the lender’s U.S. retail-banking unit.The two companies join Royal Bank of Canada in posting first-quarter results Tuesday that …read more
Source:: Yahoo Finance
