Bank Historical Income Statement
BNS Stock | USD 51.78 0.62 1.21% |
Historical analysis of Bank of Nova Scotia income statement accounts such as Interest Expense of 0.0, Selling General Administrative of 28.9 B or Total Revenue of 20.9 B can show how well Bank Of Nova performed in making a profits. Evaluating Bank of Nova Scotia income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Bank of Nova Scotia's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Bank of Nova Scotia latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bank of Nova Scotia is a good buy for the upcoming year.
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About Bank Income Statement Analysis
Bank of Nova Scotia Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Bank of Nova Scotia shareholders. The income statement also shows Bank investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Bank of Nova Scotia Income Statement Chart
Bank Of Nova Income Statement is one of the three primary financial statements used for reporting Bank's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Bank of Nova Scotia revenue and expense. Bank of Nova Scotia Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Bank of Nova Scotia's Depreciation And Amortization is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 28.9 B in 2024, whereas Total Revenue is likely to drop slightly above 20.9 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Bank of Nova Scotia generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Bank Of Nova minus its cost of goods sold. It is profit before Bank of Nova Scotia operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Bank of Nova Scotia operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Bank Of Nova is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Bank of Nova Scotia's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Bank of Nova Scotia current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Of Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Bank of Nova Scotia's Depreciation And Amortization is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 28.9 B in 2024, whereas Total Revenue is likely to drop slightly above 20.9 B in 2024.
2020 | 2021 | 2022 | 2024 (projected) | Gross Profit | 30.9B | 31.1B | 31.8B | 19.4B | Total Revenue | 30.9B | 31.1B | 31.8B | 20.9B |
Bank of Nova Scotia income statement Correlations
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Bank of Nova Scotia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of Nova Scotia income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 1.5B | 1.5B | 1.5B | 1.8B | 2.1B | 2.2B | |
Selling General Administrative | 8.4B | 8.6B | 8.5B | 8.8B | 9.6B | 28.9B | |
Total Revenue | 30.2B | 31.3B | 30.9B | 31.1B | 31.8B | 20.9B | |
Gross Profit | 30.2B | 31.3B | 30.9B | 31.1B | 31.8B | 19.4B | |
Other Operating Expenses | (23.0B) | (18.4B) | (5.8B) | (22.2B) | (19.9B) | (18.9B) | |
Operating Income | 10.9B | 8.3B | 12.5B | 25.4B | 9.6B | 14.0B | |
Ebit | 10.9B | 8.3B | 12.5B | 25.4B | 9.6B | 14.4B | |
Ebitda | 9.9B | 14.0B | 26.9B | 11.5B | 13.2B | 16.0B | |
Income Before Tax | 11.3B | 8.4B | 12.8B | 12.9B | 9.8B | 6.8B | |
Total Other Income Expense Net | 75M | 331M | (12.4B) | 118M | 135.7M | 142.5M | |
Net Income | 8.4B | 6.8B | 9.6B | 9.9B | 7.4B | 5.4B | |
Income Tax Expense | 2.5B | 1.5B | 2.9B | 2.8B | 2.2B | 4.4B | |
Net Income From Continuing Ops | 8.8B | 6.9B | 10.0B | 10.2B | 7.5B | 3.7B | |
Net Income Applicable To Common Shares | 8.2B | 6.6B | 9.4B | 9.7B | 7.0B | 5.7B | |
Minority Interest | 2.7B | 2.4B | (331M) | (258M) | (118M) | 566.0M | |
Selling And Marketing Expenses | 445M | 404M | 480M | 576M | 662.4M | 485.7M | |
Tax Provision | 1.5B | 2.9B | 2.8B | 2.2B | 2.6B | 2.5B | |
Net Interest Income | 17.3B | 17.0B | 18.1B | 18.3B | 21.0B | 17.9B | |
Interest Income | 29.7B | 25.0B | 33.6B | 56.8B | 65.3B | 33.3B | |
Reconciled Depreciation | 1.5B | 1.5B | 1.5B | 1.8B | 2.1B | 1.4B |
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
0.84 | C | Citigroup Aggressive Push | PairCorr |
0.93 | CM | Canadian Imperial Bank Financial Report 23rd of May 2024 | PairCorr |
0.81 | NU | Nu Holdings Financial Report 20th 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Of Nova. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.
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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 4.5 | 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.