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Earnings transcript
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BNS
The Bank of Nova Scotia
$80.97
0.04
(0.05%)
| Exchange: | NYSE |
| Market Cap: | 99.275B |
| Shares Outstanding: | 913.609M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Diversified | |||||
| CEO: | L. Scott Thomson | |||||
| Full Time Employees: | 88722 | |||||
| Address: |
| |||||
| Website: | https://www.scotiabank.com |
The Bank of Nova Scotia (BNS) is a prominent financial institution delivering a comprehensive suite of banking products and services across a broad geographic footprint. Its operations span Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, alongside other international markets. The company strategically organizes its business into four key divisions: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. For individual clients, Scotiabank offers tailored financial guidance and essential everyday banking solutions, including debit and credit cards, checking and savings accounts, diverse investment opportunities, mortgages, personal loans, and insurance products. Businesses, regardless of size, benefit from specialized banking solutions such as lending facilities, deposit management, cash flow optimization, and trade finance services. This also extends to providing automotive financing for dealerships and their clientele. Furthermore, the bank provides sophisticated wealth management advice and solutions, encompassing online and mobile brokerage platforms, full-service brokerage options, trust services, private banking, and expert private investment counsel. Its product portfolio features a variety of retail mutual funds, exchange-traded funds (ETFs), liquid alternative funds, and institutional funds. Internationally, the company caters to retail, corporate, and commercial customers. It also supports corporate clients with essential services like lending, transaction facilitation, investment banking advisory, and access to capital markets. Customers can conveniently access Scotiabank’s services through its modern online, mobile, and telephone banking channels. Domestically, in Canada, the bank operates a physical network comprising 954 branches and approximately 3,766 automated teller machines. Globally, its international presence includes about 1,300 branches, complemented by a robust network of contact and support centers. Founded in 1832, The Bank of Nova Scotia maintains its headquarters in Halifax, Canada.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 31,787,000 | 29,483,000 | 73,177,000 |
| Gross Profit | 31,787,000 | 29,564,000 | 32,383,000 |
| EBITDA | 0 | 10,556,000 | 12,113,000 |
| Operating Income | 8,690,000 | 13,184,000 | 10,509,000 |
| Net Income | 7,410,000 | 7,758,000 | 7,789,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 1,410,789,000 | 1,412,027,000 | 1,460,042,000 |
| Total Liabilities | 1,332,122,000 | 1,327,951,000 | 1,371,455,000 |
| Total Stockholders Equity | 76,928,000 | 82,369,000 | 86,866,000 |
| Total Debt | 313,813,000 | 300,673,000 | 504,024,000 |
| Cash and Cash Equivalents | 90,312,000 | 63,860,000 | 65,967,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 31,724,000 | 15,652,000 | 5,407,000 |
| Capital Expenditure | -442,000 | -489,000 | -347,000 |
| Free Cash Flow | 31,282,000 | 15,163,000 | 5,060,000 |
| Net Income | 7,528,000 | 7,892,000 | 7,758,000 |
| Net Change in Cash | -892,000 | -767,000 | 850,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 44,004,947.847 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 44,400,779.333 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 44,227,423.331 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 12,604,017.599 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 12,717,392.737 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 12,667,739.636 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 12,530,165.560 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 12,676,913.710 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 12,603,539.635 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 12,503,022.370 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 12,615,489.039 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 12,566,233.806 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 10.130 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 10.180 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 10.060 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: Scotiabank reported adjusted earnings of $2.2 billion or $1.XX per share in Q1 2025, reflecting resilience in a challenging economic environment. Strong revenue and net income figures from recent income statements further underline consistent operational performance.
- Strong Capital Discipline: As highlighted in the Q1 2025 earnings call, the bank maintains a focus on capital discipline, ensuring a robust balance sheet with healthy current and quick ratios (per Key Metrics TTM), positioning it well to weather economic uncertainties.
- High Dividend Yield: BNS offers an attractive dividend yield (per Key Metrics TTM), supported by consistent dividend payments as seen in cash flow statements, making it appealing to income-focused investors.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates BNS intrinsic value between $85.25 – $180.66 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about BNS valuation
Is The Bank of Nova Scotia (BNS) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for The Bank of Nova Scotia (BNS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BNS a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BNS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BNS’s P/E ratio?
You can see BNS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BNS?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BNS a good long-term investment?
Whether BNS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BNS
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Daily snapshot
0.05
Trading Metrics:
| Open: | 81.5 | Previous Close: | 80.93 | |
| Day Low: | 80.77 | Day High: | 82.09 | |
| Year Low: | 53.72 | Year High: | 82.22 | |
| Price Avg 50: | 76.16 | Price Avg 200: | 70.96 | |
| Volume: | 886053 | Average Volume: | 2.505M |
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Login — it's freeBNS full analysis
Welcome to MARKETSNAP’s SWOT analysis for Scotiabank, also known by its ticker BNS. If you’re a long-term investor looking to dig into one of Canada’s big banking players, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for Scotiabank, with insights pulled straight from the latest data and earnings calls. Let’s dive into what makes this financial giant tick, where it’s stumbling, and what could shape its future for investors like you who are…
