- Bank of Nova Scotia’s adjusted earnings per share (EPS) for the third quarter is C$1.88, exceeding the estimate of C$1.73.
- The bank’s reported EPS is C$1.84.
- Provisions for credit losses amounted to C$1.04 billion, which is lower than the estimated C$1.17 billion.
- The bank’s adjusted return on equity (ROE) is 12.4%, higher than the estimated 11.4%.
- Net income for the quarter is reported at C$2.53 billion.
- Canadian Banking division’s net income stands at C$958 million.
- The Global Banking and Markets division’s net income is C$473 million.
- Analyst recommendations on the bank’s stock include 4 buys, 9 holds, and 3 sells.
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A look at Bank Of Nova Scotia Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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, has received positive Smart Scores across various factors reflecting its long-term outlook. With strong scores in Value and Dividend at 4, investors may find the company attractive for potential growth and income generation. Additionally, its Momentum score of 4 indicates a favorable trend in stock price movement, suggesting positive investor sentiment.
Although Bank of Nova Scotia scored slightly lower in Growth and Resilience at 3, the company still showcases a solid foundation for future development and ability to withstand market challenges. Overall, with its diverse range of banking services and products including retail, commercial, international, corporate, investment, and private banking, Bank of Nova Scotia appears well-positioned for sustained growth and performance in the long run.
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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