Scotiabank CEO

Scotiabank CEO: "We achieved strong double-digit growth in auto lending, a traditional area of strength and in credit cards which is a key area of focus for us," president and chief executive Brian Porter told a conference call with analysts, according to Times Colonist. Scotiabank's profit for the quarter amounted to $1.32 per diluted share, up from $1.61 billion or $1.24 per diluted share a year ago. Revenue totalled $5.65 billion, up from $5.17 billion and Scotiabank earned $1.71 billion in its latest quarter and raised its dividend Tuesday, helped by its domestic banking and wealth management business. "This growth in higher spread products is helping offset some of the negative margin pressure from the continued low rate environment." (www.immigrantscanada.com). As reported in the news.