EQB slumps after Q4 profit misses estimates

EQB

05/12/2024 15:31

** Shares of Canadian bank EQB  EQB.TO  fall 4.9% to
C$104.06 in early trading 
    ** After markets closed on Wednesday EQB reported Q4 profit
that missed analysts' estimates 
    ** Provision for credit losses on an adjusted basis
increased to C$31.90 mln in the fourth quarter compared to
C$19.57 mln a year earlier 
    ** Net interest income fell to C$264.58 mln vs C$345.78 mln
in the year ago period 
    ** On a per share basis, EQB earned C$2.51 in the three
months ended Oct. 31, compared with analysts' estimates of
C$2.92 - LSEG
    ** Including session's move, EQB up ~19% YTD 

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))