BNS Earnings Prediction
The chart below shows how BNS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BNS sees a -0.06% change in stock price 10 days leading up to the earnings, and a +0.77% change 10 days following the report. On the earnings day itself, the stock moves by -0.72%. This data can give you a slight idea of what to expect for the next quarter's release.
BNS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.44B
6.39%
0.99%
Gross Margin
--
--
--
Operating Margin
26.20%
11.87%
-11.61%
Net Margin
20.00%
14.61%
-12.55%
EPS
1.22
19.61%
-13.48%
No Data Available
BNS Earnings Analysis
Bank of Nova Scotia Corporation (BNS.N) Earnings Conference Call
Positive
Record Net Income Achievement: 2024 was a foundational year for the bank, with record net income of $1.6 billion, reflecting a strong performance against our strategic goals.
Deposit Growth Increase: We increased personal and commercial deposits by 7% year-over-year, demonstrating robust customer growth and confidence in our banking services.
Wealth Management Earnings Growth: Our Canadian wealth management business delivered double-digit earnings growth, led by a 25% increase in Scotia McLeod, contributing to recurring fee-based earnings.
Strong Tier-1 Capital Ratio: The bank ended the year with a solid Tier-1 capital ratio of 13.1%, positioning us well to fund our growth agenda in 2025 and beyond.
Asset Management Growth: We saw growth in our asset management business, with overall assets under management growing to over $370 billion, up 18% this year.
Negative
Net Income Impact: The bank's net income was impacted by $430 million of after-tax adjusting items or $0.35 of earnings per share, resulting in a decrease in overall earnings.
Credit Loss Provision Increase: The provision for credit losses were $4.1 billion in 2024, $629 million higher, driven by higher impaired PCLs.
Ongoing Segment Losses: The Other segment reported a net loss of $453 million, compared to a loss of $465 million in the prior quarter, indicating ongoing challenges.
Earnings and Equity Performance: The bank ended the year with a diluted earnings per share of $6.47, a return on equity of 11.3%, and a return on tangible common equity of 13.7%, reflecting a modest performance.
CET1 Capital Ratio Analysis: The bank's CET1 capital ratio was 13.1%, a decrease of 20 basis points quarter-over-quarter and an increase of 10 basis points year-over-year, indicating a tightening capital position.
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BNS Earning Call Sentiment
The Bank of Nova Scotia (BNS) Q4 2024 Earnings Call Transcript
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00:00
00:00
BNS.N
0.4%Positive
The earnings call presents a mixed sentiment. Financial performance shows growth in earnings and revenue, but there are concerns with decreased ROE and ROTE, increased expenses, and higher credit losses. The Q&A section highlights confidence in future earnings growth and dividend improvements, but also reveals management's vague responses to key questions, particularly regarding ROE and international operations. The guidance remains stable, and no major catalysts like new partnerships or secondary offerings were mentioned. Overall, these factors suggest a neutral stock price movement in the short term.