- Provision for Credit Losses: C$1.01 billion, slightly below the estimated C$1.02 billion.
- Earnings per Share (EPS): Achieved C$1.57.
- Net Income: Total net income was C$2.09 billion.
- Canadian Banking Net Income: Reported at C$1.01 billion.
- International Banking Net Income: Recorded at C$671 million.
- Global Banking and Markets Net Income: Reached C$428 million.
- Net Interest Income: Totaled C$4.69 billion, which was slightly below the estimate of C$4.77 billion.
- Non-interest Expenses: Amounted to C$4.71 billion, lower than the estimate of C$4.77 billion.
- Revenue: Generated revenue was C$8.35 billion, marginally above the estimated C$8.34 billion.
- Analyst Ratings: 2 buy ratings, 11 hold ratings, and 4 sell ratings.
A look at Bank Of Nova Scotia Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of Nova Scotia, a leading financial institution, is positioned well for long-term success based on its Smartkarma Smart Scores. With strong ratings in Value and Dividend at 4 out of 5, the company demonstrates solid financial stability and income generation potential. Additionally, its impressive Momentum score of 4 indicates the company’s upward trajectory in the market, reflecting positive investor sentiment and growth prospects. While Growth scores slightly lower at 3, Bank of Nova Scotia’s diverse range of banking services across retail, commercial, international, corporate, investment, and private sectors provide a solid foundation for future expansion.
However, it’s worth noting that the company received a more modest Resilience score of 2, suggesting some vulnerability to external economic challenges. Despite this, Bank of Nova Scotia’s overall outlook remains positive, driven by its strong fundamentals and strategic positioning in the financial industry. Investors may find the company an attractive long-term investment option given its solid performance across key metrics and well-established presence in various banking sectors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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