Bourse Report| 18.09.2023| FirstCaribbean Earnings Up, Scotia Slips

This week, at Bourse, Sarodh Ramkhelawan reviews the performance of two locally listed banks, FirstCaribbean International Bank Limited (FCI) and Scotiabank Trinidad and Tobago Limited (SBTT) for their respective nine-month reporting periods ending July 31st, 2023 (9M 2023). SBTT’s increased revenue was offset by lower non-interest Income and higher Non-Interest Expenses. FCI, meanwhile, posted solid revenue growth buoyed by higher interest rates and increased consumer demand. What can investors expect from both Canadian-controlled banks in the months ahead?