Bank of Nova Scotia
BNS: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|D^ | LOCK|#ft?C | LOCK|jXpg?& |
Bank of Nova Scotia Earnings: Strong Performance in Markets and Wealth Management Segments
Bank of Nova Scotia reported strong fiscal first-quarter results, with adjusted net income growing 15% year over year, excluding divested businesses. The results translated into an adjusted return on equity of 13.1%, up 110 basis points year over year and below the medium-term target of 14%-plus.
