The Bank of Nova Scotia (NYSE:BNS ) RBC Capital Markets Global Financial Institutions Conference March 5, 2025 8:40 AM ET Company Participants Phil Thomas - Group Head & Chief Risk Officer Conference Call Participants Darko Mihelic - RBC Capital Markets Darko Mihelic [Abrupt Start]
The Bank of Nova Scotia (BNS) Q1 2025 Earnings Call Transcript
Bank of Nova Scotia (BNS) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.25 per share a year ago.
Every company eventually ends up dealing with headwinds at some point. Wall Street often runs for the hills when this happens, even if the company in question has a very real chance of surviving, and perhaps even thriving, over the long term.
Bank of Nova Scotia on Monday joined some of Canada's biggest lenders to walk away from a global banking sector climate coalition, a move that followed the withdrawal led by six major U.S. banks.
There are no guarantees on Wall Street, and even reliable dividend stocks can end up cutting their payouts. For example, W.P.
BNS agrees to transfer its Latin American banking arms to Davivienda for a roughly 20% stake. This aligns with the bank's efforts to boost efficiency.
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Bank of Nova Scotia (BNS -1.06%), often just called Scotiabank, isn't particularly well known in the U.S., where it has only a minimal presence. This is one of the key reasons the giant Canadian bank's stock is down roughly 25% from its 2022 high-water mark.
Scotiabank's diversified revenue streams and strategic focus on value over volume have driven strong fiscal Q4 2024 results. The bank's robust balance sheet, with a 13.1% CET1 capital ratio and A+ credit rating, supports a well-covered 5.4% dividend yield. Trading at a forward P/E of 11.2, below its historical average, BNS stock appears undervalued relative to its growth prospects and offers solid total return potential.
Scotiabank's total returns have continued to outpace the S&P 500 index in recent months. The Canadian bank's fiscal fourth-quarter results backed up a positive outlook for at least the next couple of fiscal years. Scotiabank enjoys A credit ratings from each of the major rating agencies.
The Bank of Nova Scotia (NYSE:BNS ) Q4 2024 Earnings Call Transcript December 3, 2024 8:00 AM ET Company Participants John McCartney - Head of IR Scott Thomson - President and CEO Raj Viswanathan - CFO Phil Thomas - CRO Francisco Aristeguieta - Group Head, International Banking Conference Call Participants Ebrahim Poonawala - Bank of America Gabriel Dechaine - National Bank Financial Matthew Lee - Canaccord Genuity Paul Holden - CIBC John Aiken - Jefferies Mario Mendonca - TD Securities Lemar Persaud - Cormark Jill Shea - UBS Sohrab Movahedi - BMO Capital Markets John McCartney Good morning, and welcome to Scotiabank's 2024 Fourth Quarter Results Presentation, and apologies for our late start this morning. My name is John McCartney, and I'm Head of Investor Relations here at Scotiabank.