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Market Impact: 0.35

Scotiabank tops second-quarter profit estimates, raises dividend

Corporate EarningsBanking & LiquidityCompany FundamentalsAnalyst Estimates

Bank of Nova Scotia reported higher second-quarter profit that beat analysts’ estimates, helped by strength in its Canadian banking unit. The result supports the lender’s efforts to improve profitability and is likely a modest positive for the stock. No further details were provided on the size of the earnings beat or forward guidance.

Analysis

Bank of Nova Scotia reported higher second-quarter profit that beat analysts’ estimates, helped by strength in its Canadian banking unit. The result supports the lender’s efforts to improve profitability and is likely a modest positive for the stock. No further details were provided on the size of the earnings beat or forward guidance.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.45

Ticker Sentiment

BNS0.55