Bank of Nova Scotia (BNS,BNS.TO) shares are sliding on Tuesday morning trade after the company announced a decline in first-quarter earnings.
The quarterly earnings were C$1.63 billion or C$1.36 per share, down from C$2.61 billion or C$2.14 per share last year. On an adjusted basis, earnings were C$2.23 billion or C$1.85 per share.
Revenue for the quarter declined to C$7.98 billion, down 0.9 percent from C$8.05 billion last year.
Currently, shares are at $49.87, down 5.37 percent from the previous close of $52.70 on a volume of 914,165.
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