Bank of Nova Scotia (TSE:BNS) Full Year 2024 Results

Key Financial Results

• Revenue: CA$29.6b (up 1.3% from FY 2023).

• Net income: CA$7.29b (up 4.2% from FY 2023).

• Profit margin: 25% (in line with FY 2023).

• EPS: CA$5.94 (up from CA$5.84 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank of Nova Scotia EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in Canada.

Performance of the Canadian Banks industry.

The company's shares are down 2.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Bank of Nova Scotia's balance sheet.

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