TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal second-quarter net income of $1.52 billion.

The bank, based in Toronto, said it had earnings of $1.16 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The bank posted revenue of $13.9 billion in the period. Its revenue net of interest expense was $6.15 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $6.1 billion.

Bank of Nova Scotia shares have dropped roughly 2% since the beginning of the year. The stock has fallen slightly more than 2% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BNS at https://www.zacks.com/ap/BNS

For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News