BNS - Scotiabank Beats The Odds: Solid Revenue Growth & Capital Strength Highlight Q2 Earnings | Benzinga
Bank of Nova Scotia (NYSE:BNS) reported second-quarter fiscal 2024 revenue growth of 5.5% year-over-year to C$8.347 billion, beating the consensus of C$8.256 billion.
For the quarter, net interest income was C$4.694 billion, and non-interest income was $3.653 billion.
Adjusted EPS of C$1.58 declined from C$1.69 a year ago and above the consensus of C$1.56.
BNS reported a Common Equity Tier 1 (CET1) capital ratio of 13.2%, up from 12.3% last year.
Canadian Banking’s net income declined 4% year over year to C$1.01 billion, with revenue growth outpacing expenses, leading to positive operating leverage. ...