Bank of Nova Scotia reports results for the quarter ended April 30 - Earnings Summary

• Bank of Nova Scotia BNS.TO reported quarterly adjusted earnings of C$1.52​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of C$1.58. The mean expectation of fifteen analysts for the quarter was for earnings of C$1.56 per share. Wall Street expected results to range from C$1.47 to C$1.70 per share.

• Revenue rose 8.8% to C$9.08 billion from a year ago; analysts expected C$9.02 billion.

• Bank of Nova Scotia's reported EPS for the quarter was C$1.48​.

• The company reported quarterly net income of C$1.84 billion.

• Bank of Nova Scotia shares had risen by 5.1% this quarter and lost 7.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.5% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 9 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Bank of Nova Scotia is C$77.00

This summary was machine generated from LSEG data May 27 at 01:31 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)