Bank of Nova Scotia Q2 Adj EPS $1.26 Misses $1.31 Estimate, Sales $5.86B Miss $5.99B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of Nova Scotia (NYSE:BNS) reported Q2 adjusted earnings of $1.26 per share, missing the $1.31 estimate, and sales of $5.86 billion, missing the $5.99 billion estimate. This represents a 26.86% decrease in earnings and a 6.57% decrease in sales compared to the same period last year.
May 24, 2023 | 9:35 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bank of Nova Scotia's Q2 adjusted earnings and sales missed estimates, with a 26.86% decrease in earnings and a 6.57% decrease in sales YoY.
Bank of Nova Scotia's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. The significant decrease in earnings and sales compared to the same period last year indicates potential challenges for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100