The Bank of Nova Scotia (NYSE:BNS) financial and investment services provider, is reporting third quarter earnings results on Tuesday 25th August 2020, before market open.
Previous Quarter Performance
The Bank of Nova Scotia recorded income for the second quarter of $ 0.78 per share, from the revenue of $ 5,935.00 million. Wall street analysts are predicting, BNS to report 2Q20 income of $ 1.32 per share from revenue of $ 5,460.00 million. The bottom line results missed street analysts by $ 0.54 or 40.91 percent, at the same time, top line results outshined analysts by $ 475.00 million or 8.70 percent.
Stock Performance
Shares of The Bank of Nova Scotia traded high $ 0.47 or 1.12 percent on Monday, reaching $ 42.60 with volume of 1.31 million shares. The Bank of Nova Scotia has traded high as $ 42.72 and has cracked $ 42.22 on the downward trend
According to the previous trading day, closing price of $ 42.60, representing a 31.90 % increase from the 52 week low of $ 31.94 and a 27.64 % decrease over the 52 week high of $ 58.22.
The company has a market capital of $ 51.90 billion and is part of the Financial Services sector and Banks – Global industry.
Recent Stock Dividend Announcement
On May 26, 2020, the board of directors authorized quarterly dividend of $ 0.90 per share to holders of record as of the close of business on July 7, 2020, with payment date of July 29, 2020 and ex-dividend date on July 6, 2020.
Conference Call
The Bank of Nova Scotia will be hosting a conference call at 8:15 AM eastern time on 25th August 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 416-641-6104 (United States) or 1-800-952-5114 Outside U.S., and the passcode is 7923431 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.scotiabank.com/ca/en/about/investors-shareholders/financial-result.html
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers. It is also involved in the provision of investment and wealth management advice, services, products, and solutions to customers and advisors; wealth management solutions, such as private customer, online brokerage, full-service brokerage, pension, and institutional customer services, as well as asset management business focusing on developing investment solutions for retail and institutional investors; and international banking services for retail, corporate, and commercial customers.
