Bank of Nova Scotia
BNS: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Z%p | LOCK|bhKM& | LOCK|xb<K@Z |
Bank of Nova Scotia Earnings: Strong Performance in Domestic Banking
Bank of Nova Scotia reported strong fiscal second-quarter results, with adjusted net income growing 29% year over year, excluding divested businesses. The results translated into an adjusted return on equity of 13.2%, up 270 basis points year over year and below the medium-term target of 14%-plus.
