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Scotiabank Falls as Capital Markets Drop Dilutes Domestic Gains

Scotiabank Falls as Capital Markets Drop Dilutes Domestic Gains

Bank of Nova Scotia fell the most in seven months after fourth-quarter profit and revenue missed analysts’ estimates on a slump in capital markets activity. Lower trading revenue and investment-banking fees contributed to a 15 percent drop in earnings for Scotiabank’s capital markets business, the only division to report a decline for the fiscal period ended Oct. 31.