#Scotiabank Q4 FY2024 #EarningsReport Summary | $BNS (-1,86聽%)
In Q4 FY2024, Scotiabank demonstrated solid performance, achieving revenue growth and improved profitability compared to the same quarter last year. These results reflect progress in strategic priorities, including operational efficiencies and targeted growth in North America.
馃搳 Income Statement Highlights (vs. Q4 FY2023):
鈻笍Net Income: $1.23B vs $0.99B (+24.74%)
鈻笍Total Revenue: $6.23B vs $6.04B (+3.07%)
鈻笍Adjusted EPS: $1.15 vs $0.90 (+27.64%)
鈻笍Net Interest Income: $3.59B vs $3.41B (+5.36%)
鈻笍Non-Interest Income: $2.63B, steady (-0.08%)
鈻笍Provision for Credit Losses: $0.75B vs $0.92B (-17.98%)
鈻笍Canadian Banking Net Income: $0.77B (+34.00%)
馃搫 Balance Sheet Highlights (vs. Oct. 31, 2023):
鈻笍Total Assets: $1030.78B (-0.08%)
鈻笍Total Liabilities: $969.40B (+0.67%)
鈻笍Common Equity Tier 1 (CET1) Ratio: 13.1% (vs. 13.0%)
鈻笍Assets Under Administration: $513.92B (+15.41%)
鈻笍Assets Under Management: $272.29B (+17.72%)
馃敭 Future Outlook:
Scotiabank will focus on leveraging its capital base to drive growth in strategic markets, prioritizing North America while managing risks related to global economic uncertainty.