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Bank of Nova Scotia: Fiscal Q1 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — Bank of Nova Scotia (BNS) on Tuesday reported fiscal first-quarter earnings of $791.8 million.
The bank, based in Toronto, said it had earnings of 46 cents per share. Earnings, adjusted for non-recurring costs, came to $1.22 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The bank posted revenue of $13.24 billion in the period. Its revenue net of interest expense was $6.47 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $6.19 billion.
Bank of Nova Scotia shares have fallen roughly 6% since the beginning of the year. The stock has increased roughly 7% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BNS at https://www.zacks.com/ap/BNS
