Total revenue reported was $3.94bn for the third quarter of 2010, compared to $3.73bn for the corresponding quarter of 2009.

Scotiabank recorded a net income of $4.2bn, or $3.91 diluted earning per share for Fiscal year 2010, compared to $3.54bn, or $3.31 per diluted earning per share for the same period of 2009.

Scotiabank president and CEO Rick Waugh said Scotiabank’s strategy of diversification by business and geography enabled the bank to achieve record results for 2010.

"We have seen good contributions from all of our business lines, demonstrating our diversification and strong execution of strategy," Waugh said.