Bank Nova Scotia Halifax Pfd 3 (BNS) said before open Tuesday that it earned $1.55 per share in quarter four 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $5.7 billion, missing estimates by $285 million.
In the same quarter a year ago, the company earned $1.67 per share on revenue of $6.1 billion.
The stock is down 2.82% to $51.42 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.
Trading in the five days leading up to the report earned Bank Nova Scotia Halifax Pfd 3 a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 58. Meanwhile, the average Wall Street analyst rated the stock a Hold.
Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.
News Home
Bank Nova Scotia Halifax Pfd 3 Down 2.82% To $51.42 After Earnings Beat
Mentioned in this article
