Scotiabank's Q2 Earnings: Trading At Elevated Multiples And Technical Levels
The Bank of Nova Scotia reported strong Q2 earnings, with an increase in earnings per share and return on equity. The bank experienced significant growth in non-interest income, particularly in wealth management and capital markets. Overall, these results indicate a positive performance for Scotiabank in the current financial landscape.
- ▪The Bank of Nova Scotia's EPS increased by 12 cents in Q2.
- ▪Return on equity improved to 13.1%.
- ▪Non-interest income grew significantly, especially in wealth management and capital markets.
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