The Bank Of Nova Scotia (BNS) released a profit for its first quarter that Increases, from the same period last year
The company's bottom line totaled C$2.287 billion, or C$1.73 per share. This compares with C$1.147 billion, or C$0.66 per share, last year.
Excluding items, The Bank Of Nova Scotia reported adjusted earnings of C$2.542 billion or C$2.05 per share for the period.
The company's revenue for the period rose 2.9% to C$9.646 billion from C$9.372 billion last year.
The Bank Of Nova Scotia earnings at a glance (GAAP) :
-Earnings: C$2.287 Bln. vs. C$1.147 Bln. last year.-EPS: C$1.73 vs. C$0.66 last year.-Revenue: C$9.646 Bln vs. C$9.372 Bln last year.
Scott Thomson, CEO of The Bank Of Nova Scotia, said: "We saw earnings growth across all of our business lines this quarter, including in Canadian Banking, where we delivered another quarter of sequential margin expansion, accelerating fee income growth, and positive operating leverage. We are confident that we can deliver on our medium-term objectives in 2027, including a return on equity above 14%- one year ahead of our Investor Day commitments."
BNS was down by 0.28% at $75.68 in the pre-market trade on the New York Stock Exchange.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.