Bank of Nova Scotia Non-GAAP EPS of C$1.85 misses by C$0.17, revenue of C$7.98B misses by C$280M

  • Bank of Nova Scotia press release (NYSE:BNS): Q1 Non-GAAP EPS of C$1.85 misses by C$0.17.
  • Revenue of C$7.98B (-0.9% Y/Y) misses by C$280M.
  • Return on equity of 13.4%, compared to 15.9%
  • The provision for credit losses was $638 million, compared to $222 million, an increase of $416 million.
  • The provision for credit losses ratio increased 20 basis points to 33 basis points.

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