Bank of Nova Scotia: Overview of First Fiscal Quarter Results
Bank of Nova Scotia Reports Strong First-Quarter Earnings
Bank of Nova Scotia, headquartered in Toronto, announced a net income of $1.65 billion for its fiscal first quarter.
The bank’s earnings amounted to $1.25 per share, and after adjusting for one-time expenses, came to $1.48 per share.
These results surpassed analysts’ expectations, as the consensus from three analysts polled by Zacks Investment Research predicted earnings of $1.42 per share.
Total revenue for the quarter reached $12.54 billion, with net revenue after interest expenses totaling $6.95 billion—both figures exceeding market forecasts.
Since the start of the year, Bank of Nova Scotia’s stock price has risen by 3%. Over the past year, the shares have surged by 50%.
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