Bank Net Income from 2010 to 2024
| BNS Stock | USD 46.57 0.05 0.11% |
Net Income | First Reported 1996-01-31 | Previous Quarter 1.4 B | Current Value 2.2 B | Quarterly Volatility 1.2 B |
Check Bank of Nova Scotia financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bank main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.2 B, Interest Expense of 0.0 or Selling General Administrative of 28.9 B, as well as many exotic indicators such as Price To Sales Ratio of 2.14, Dividend Yield of 0.0617 or PTB Ratio of 1.17. Bank financial statements analysis is a perfect complement when working with Bank of Nova Scotia Valuation or Volatility modules.
Bank | Net Income |
Latest Bank of Nova Scotia's Net Income Growth Pattern
Below is the plot of the Net Income of Bank of Nova over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Bank of Nova Scotia financial statement analysis. It represents the amount of money remaining after all of Bank of Nova operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Bank of Nova Scotia's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bank of Nova Scotia's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 7.53 B | 10 Years Trend |
|
Net Income |
| Timeline |
Bank Net Income Regression Statistics
| Arithmetic Mean | 5,784,805,746 | |
| Geometric Mean | 5,286,625,058 | |
| Coefficient Of Variation | 41.82 | |
| Mean Deviation | 1,917,699,771 | |
| Median | 6,111,000,000 | |
| Standard Deviation | 2,419,125,023 | |
| Sample Variance | 5852165.9T | |
| Range | 6.9B | |
| R-Value | 0.72 | |
| Mean Square Error | 3029475.5T | |
| R-Squared | 0.52 | |
| Significance | 0 | |
| Slope | 389,812,869 | |
| Total Sum of Squares | 81930322.2T |
Bank Net Income History
Other Fundumenentals of Bank of Nova Scotia
| Net Income From Continuing Ops | ||
| Net Income Applicable To Common Shares | ||
| Net Income Per Share | ||
| Net Income Per E B T |
Bank of Nova Scotia Net Income component correlations
About Bank of Nova Scotia Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Bank of Nova Scotia income statement, its balance sheet, and the statement of cash flows. Bank of Nova Scotia investors use historical funamental indicators, such as Bank of Nova Scotia's Net Income, to determine how well the company is positioned to perform in the future. Although Bank of Nova Scotia investors may use each financial statement separately, they are all related. The changes in Bank of Nova Scotia's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Bank of Nova Scotia's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Bank of Nova Scotia Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Bank of Nova Scotia. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Net Income | 6.1 B | 5.5 B | |
| Net Income From Continuing Ops | 6.2 B | 3.7 B | |
| Net Income Applicable To Common Shares | 5.6 B | 5.7 B | |
| Net Income Per Share | 5.57 | 3.35 | |
| Net Income Per E B T | 0.68 | 0.59 |
Pair Trading with Bank of Nova Scotia
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Nova Scotia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Nova Scotia will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.9 | C | Citigroup Financial Report 12th of July 2024 | PairCorr |
| 0.96 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
| 0.92 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.77 | RY | Royal Bank Financial Report 23rd of May 2024 | PairCorr |
The ability to find closely correlated positions to Bank of Nova Scotia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Nova Scotia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Nova Scotia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of Nova to buy it.
The correlation of Bank of Nova Scotia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Nova Scotia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Nova Scotia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bank of Nova Scotia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Bank of Nova Scotia Correlation against competitors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Bank Stock analysis
When running Bank of Nova Scotia's price analysis, check to measure Bank of Nova Scotia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Nova Scotia is operating at the current time. Most of Bank of Nova Scotia's value examination focuses on studying past and present price action to predict the probability of Bank of Nova Scotia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Nova Scotia's price. Additionally, you may evaluate how the addition of Bank of Nova Scotia to your portfolios can decrease your overall portfolio volatility.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account |
Is Bank of Nova Scotia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of Nova Scotia. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of Nova Scotia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.246 | Dividend Share 4.21 | Earnings Share 4.43 | Revenue Per Share 24.448 | Quarterly Revenue Growth 0.02 |
The market value of Bank of Nova Scotia is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of Nova Scotia's value that differs from its market value or its book value, called intrinsic value, which is Bank of Nova Scotia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of Nova Scotia's market value can be influenced by many factors that don't directly affect Bank of Nova Scotia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.