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Bank of Nova Scotia (BNS) Q4 2024 Earnings Call Highlights: Record Net Income and Strategic ...

Bank of Nova Scotia (BNS) Q4 2024 Earnings Call Highlights: Record Net Income and Strategic ...


Published on 2024-12-04 20:01:38 - Bill Williamson, WOPRAI
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  • Bank of Nova Scotia (BNS) reports robust financial performance with a focus on capital efficiency and client growth amid economic challenges.

The Bank of Nova Scotia (Scotiabank) reported its Q4 earnings on November 28, 2023, with adjusted earnings per share at C$1.26, missing the consensus estimate of C$1.68. The bank's revenue was C$8.31 billion, slightly below the expected C$8.36 billion. Despite the earnings miss, Scotiabank's net income rose to C$1.39 billion from C$1.08 billion the previous year, driven by a 7% increase in total revenue to C$8.3 billion. However, this was offset by higher expenses and provisions for credit losses. The bank also announced a dividend increase to C$1.06 per share from C$1.03. CEO Scott Thomson highlighted the bank's focus on operational efficiency and strategic investments, aiming to improve performance in the upcoming fiscal year.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/news/bank-nova-scotia-bns-q4-070036847.html ]
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