Bank of Nova Scotia reports results for the quarter ended January 31 - Earnings Summary

• Bank of Nova Scotia BNS.TO reported quarterly adjusted earnings of C$1.76​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of C$1.69. The mean expectation of fifteen analysts for the quarter was for earnings of C$1.65 per share. Wall Street expected results to range from C$1.49 to C$1.70 per share.

• Revenue rose 11.1% to C$9.37 billion from a year ago; analysts expected C$8.86 billion.

• Bank of Nova Scotia's reported EPS for the quarter was 66 cents​.

• The company reported quarterly net income of C$1.03 billion.

• Bank of Nova Scotia shares had fallen by 6.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Bank of Nova Scotia is C$81.00

This summary was machine generated from LSEG data February 25 at 02:30 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)