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Reuters

Reuters

Business

Business & Economics

Canada's Scotiabank, BMO beat profit on capital markets, wealth management strength

Reuters
Summary
Nutrition label

81% Informative

Canada 's Bank of Nova Scotia and Bank of Montreal beat analysts' expectations for quarterly profit.

Lower interest rates have increased appetite for mergers and acquisitions.

Wealth management business has also boomed recently, powered by a rise in the number of high net worth individuals and increasing investments.

The banks still set aside large sums to shield against bad loans in a challenging environment.

VR Score

92

Informative language

98

Neutral language

70

Article tone

formal

Language

English

Language complexity

60

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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