Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
Bank of Nova Scotia: Fiscal Q2 Earnings Snapshot
By Ap News - May 28, 2024, 06:21 AM ET
Last Updated - May 28, 2024, 06:21 AM EDT
TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal second-quarter net income of $1.52 billion.
The bank, based in Toronto, said it had earnings of $1.16 per share.
Sponsored
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The bank posted revenue of $13.9 billion in the period. Its revenue net of interest expense was $6.15 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $6.1 billion.
Bank of Nova Scotia shares have dropped roughly 2% since the beginning of the year. The stock has fallen slightly more than 2% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BNS">Zacks stock report on BNS at https://www.zacks.com/ap/BNS
Sponsored
Read More from Investing
Popular News
Latest News
