Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  The Bank of Nova Scotia    BNS   CA0641491075

THE BANK OF NOVA SCOTIA

(BNS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Bank of Nova Scotia : 1Q Profit Beats Estimates

02/23/2021 | 06:49am EST

By Maitane Sardon

Bank of Nova Scotia on Tuesday reported first-quarter earnings that topped analysts' estimates.

For the quarter ended Jan. 31, the Toronto-based bank reported net income of 2.39 billion Canadian dollars (US$1.89 billion), compared with C$2.33 billion for the same period last year. Earnings per share were C$1.86, up from C$1.84 in the comparable quarter a year ago.

Excluding items, Bank of Nova Scotia reported an adjusted profit of C$1.88 a share for the quarter, beating analysts forecasts of C$1.57, according to FactSet.

Total revenue fell slightly to C$8.07 billion from C$8.14 billion. Net interest income declined to C$4.35 billion from C$4.39 billion a year earlier, and noninterest income was down at C$3.72 billion against C$3.75 billion.

The bank's adjusted provision for credit losses was down to C$764 million, compared with C$771 million a year ago.

The bank said the earnings of its retail banking business in Canada recovered to pre-pandemic levels, partially driven by asset and deposit growth and improving credit trends.

Adjusted earnings at its global wealth management business were $425 million, up 34% from the prior year.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

02-23-21 0649ET

All news about THE BANK OF NOVA SCOTIA
03/05CANADA ECONOMICS : Scotiabank Nowcast Shows Strong Export Sales Leave Q1 2021 No..
MT
03/05Canada Posts Trade Surplus in January on Surge in Exports -- Update
DJ
03/05Canada Posts Trade Surplus in January
DJ
03/05BANK OF NOVA SCOTIA  : Scotiabank's Group Head & Chief Financial Officer Raj Vis..
AQ
03/04BANK OF NOVA SCOTIA  : Scotiabank Announces Redemption of Non-Cumulative Preferr..
AQ
03/04RIO TINTO  : Turquoise Hill CEO exits after Rio Tinto pressure, shares tumble
RE
03/04BANK OF NOVA SCOTIA  : Scotiabank donates $700,000 to Women's College Hospital f..
AQ
03/03BANK OF NOVA SCOTIA  : Scotiabank announces the sale of its operations in Guyana
PU
03/03Canada Building Permits Increase 8.2% in January to Record Territory
DJ
03/02BANK OF NOVA SCOTIA  : Scotiabank Upgraded to Outperformer at CIBC, Says Now Is ..
MT
More news
Financials
Sales 2021 31 613 M 24 980 M 24 980 M
Net income 2021 8 350 M 6 598 M 6 598 M
Net Debt 2021 - - -
P/E ratio 2021 11,3x
Yield 2021 4,61%
Capitalization 94 639 M 74 765 M 74 784 M
Capi. / Sales 2021 2,99x
Capi. / Sales 2022 2,87x
Nbr of Employees 89 808
Free-Float 99,9%
Chart THE BANK OF NOVA SCOTIA
Duration : Period :
The Bank of Nova Scotia Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE BANK OF NOVA SCOTIA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 78,48 CAD
Last Close Price 78,04 CAD
Spread / Highest target 10,2%
Spread / Average Target 0,56%
Spread / Lowest Target -15,4%
EPS Revisions
Managers and Directors
NameTitle
Brian Johnston Porter President, CEO & Non-Independent Director
Rajagopal Viswanathan Chief Financial Officer & Executive Vice President
Aaron William Regent Chairman
Michael Zerbs Group Head-Technology & Operations
Ashley Veasey Global CIO-Business Technology & Executive VP
Sector and Competitors