Bank Income Statement Research

BNS Stock

USD 46.57 0.05 0.11%

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 Bank of Nova Scotia Valuation and Bank of Nova Scotia Correlation analysis.

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

Gross Profit Total Revenue

Bank of Nova Scotia income statement Correlations

	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Discontinued Operations	Net Income From Continuing Ops	Minority Interest	Selling And Marketing Expenses	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.43	0.42	0.59	-0.8	0.62	0.61	-0.05	0.64	-0.06	0.62	0.72	-0.73	0.55	0.15	0.24	0.59	0.92	0.77	0.92
Selling General Administrative	0.43		0.61	0.64	-0.13	0.27	0.53	0.34	0.41	-0.17	0.21	0.81	-0.64	0.2	0.32	0.52	0.33	0.45	0.34	0.2
Total Revenue	0.42	0.61		0.96	-0.2	0.44	0.65	0.24	0.83	-0.35	0.68	0.67	-0.84	0.75	0.45	0.46	0.45	0.65	0.52	0.45
Gross Profit	0.59	0.64	0.96		-0.31	0.57	0.73	0.21	0.91	-0.32	0.8	0.76	-0.95	0.83	0.48	0.42	0.54	0.75	0.54	0.54
Other Operating Expenses	-0.8	-0.13	-0.2	-0.31		-0.32	-0.28	0.27	-0.33	-0.07	-0.35	-0.38	0.42	-0.3	0.14	0.17	-0.26	-0.66	-0.6	-0.85
Operating Income	0.62	0.27	0.44	0.57	-0.32		0.94	0.53	0.77	-0.64	0.81	0.62	-0.67	0.75	-0.01	0.06	0.76	0.66	0.34	0.54
Ebit	0.61	0.53	0.65	0.73	-0.28	0.94		0.61	0.82	-0.69	0.76	0.79	-0.76	0.73	0.09	0.23	0.78	0.72	0.44	0.53
Ebitda	-0.05	0.34	0.24	0.21	0.27	0.53	0.61		0.26	-0.79	0.2	0.31	-0.17	0.19	-0.24	0.31	0.34	-0.02	-0.19	-0.2
Income Before Tax	0.64	0.41	0.83	0.91	-0.33	0.77	0.82	0.26		-0.42	0.96	0.73	-0.91	0.97	0.31	0.27	0.77	0.79	0.5	0.62
Total Other Income Expense Net	-0.06	-0.17	-0.35	-0.32	-0.07	-0.64	-0.69	-0.79	-0.42		-0.37	-0.36	0.27	-0.37	0.11	-0.03	-0.4	-0.2	-0.02	-0.04
Net Income	0.62	0.21	0.68	0.8	-0.35	0.81	0.76	0.2	0.96	-0.37		0.58	-0.85	0.99	0.24	0.15	0.74	0.72	0.41	0.61
Income Tax Expense	0.72	0.81	0.67	0.76	-0.38	0.62	0.79	0.31	0.73	-0.36	0.58		-0.82	0.54	0.27	0.35	0.74	0.78	0.56	0.55
Discontinued Operations	-0.73	-0.64	-0.84	-0.95	0.42	-0.67	-0.76	-0.17	-0.91	0.27	-0.85	-0.82		-0.84	-0.46	-0.34	-0.6	-0.81	-0.53	-0.61
Net Income From Continuing Ops	0.55	0.2	0.75	0.83	-0.3	0.75	0.73	0.19	0.97	-0.37	0.99	0.54	-0.84		0.28	0.19	0.69	0.69	0.41	0.57
Minority Interest	0.15	0.32	0.45	0.48	0.14	-0.01	0.09	-0.24	0.31	0.11	0.24	0.27	-0.46	0.28		0.35	-0.12	0.31	0.14	0.07
Selling And Marketing Expenses	0.24	0.52	0.46	0.42	0.17	0.06	0.23	0.31	0.27	-0.03	0.15	0.35	-0.34	0.19	0.35		0.16	0.29	0.39	0.12
Tax Provision	0.59	0.33	0.45	0.54	-0.26	0.76	0.78	0.34	0.77	-0.4	0.74	0.74	-0.6	0.69	-0.12	0.16		0.66	0.44	0.53
Net Interest Income	0.92	0.45	0.65	0.75	-0.66	0.66	0.72	-0.02	0.79	-0.2	0.72	0.78	-0.81	0.69	0.31	0.29	0.66		0.86	0.92
Interest Income	0.77	0.34	0.52	0.54	-0.6	0.34	0.44	-0.19	0.5	-0.02	0.41	0.56	-0.53	0.41	0.14	0.39	0.44	0.86		0.86
Reconciled Depreciation	0.92	0.2	0.45	0.54	-0.85	0.54	0.53	-0.2	0.62	-0.04	0.61	0.55	-0.61	0.57	0.07	0.12	0.53	0.92	0.86

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Bank of Nova Scotia Account Relationship Matchups

Bank of Nova Scotia income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
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
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
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
Minority Interest	2.7B	2.4B	(331M)	(258M)	(118M)	566.0M
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

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

0.91	C	Citigroup Financial Report 12th of July 2024	Pair Corr
0.96	CM	Canadian Imperial Bank Financial Report 23rd of May 2024	Pair Corr
0.93	NU	Nu Holdings Financial Report 20th of May 2024	Pair Corr
0.77	RY	Royal Bank Financial Report 23rd of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:

How To Invest In Bank

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Is Bank Stock a good investment?

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What is Bank of Nova Scotia's Net Worth?

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Largest Banks - Diversified Companies

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Largest Financial Services Companies

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Check out Bank of Nova Scotia Valuation and Bank of Nova Scotia Correlation analysis.

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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

4.44

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.

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Bank Income Statement Research

Bank of Nova Scotia income statement Correlations

Bank of Nova Scotia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of Nova Scotia income statement Accounts

Pair Trading with Bank of Nova Scotia

Moving together with Bank Stock

Complementary Tools for Bank Stock analysis

COMMON DESTINATIONS

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COMPANY

Net Income From Continuing Ops	+ 0.99	Net Income
Net Income From Continuing Ops	+ 0.97	Income Before Tax
Gross Profit	+ 0.96	Total Revenue
Net Income	+ 0.96	Income Before Tax
Ebit	+ 0.94	Operating Income
Net Interest Income	+ 0.92	Depreciation And Amortization

Discontinued Operations	- 0.95	Gross Profit
Discontinued Operations	- 0.91	Income Before Tax
Discontinued Operations	- 0.85	Net Income
Reconciled Depreciation	- 0.85	Other Operating Expenses
Net Income From Continuing Ops	- 0.84	Discontinued Operations
Discontinued Operations	- 0.84	Total Revenue