Bank of Nova Scotia: Earnings Snapshot for the Second Quarter of the Year

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Bank of Nova Scotia: Earnings Snapshot for the Second Quarter of the Year


















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Last updated June 1, 2021 at 7:39 a.m. ADT

TORONTO (AP) _ The Bank of Nova Scotia (BNS) on Tuesday reported a profit of $ 1.87 billion for the second quarter of the fiscal year.

The Toronto-based bank said it had earnings of $ 1.48 per share. Earnings, adjusted for one-time costs, were $ 1.50 per share.

The results exceeded Wall Street’s expectations. The average estimate of four analysts polled by Zacks Investment Research was earnings of $ 1.39 per share.

The bank posted revenue of $ 7.7 billion over the period. His net interest expense income was $ 6.11 billion, without Street forecasts.

Shares of the Bank of Nova Scotia have climbed 25% year-to-date. The stock has risen 68% in the past 12 months.

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This story was generated by Automated insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock market report on BNS at https://www.zacks.com/ap/BNS

The Associated Press

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