Bank Historical Income Statement

BNS Stock

CAD 69.68 0.48 0.69%

Historical analysis of Bank of Nova Scotia income statement accounts such as Interest Expense of 51.2 B, Selling General Administrative of 12.6 B or Total Revenue of 19.5 B can show how well Bank of Nova performed in making a profits. Evaluating Bank of Nova Scotia income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Bank of Nova Scotia's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Bank of Nova Scotia latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Bank of Nova Scotia is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Bank Income Statement Analysis

Bank of Nova Scotia Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Bank of Nova Scotia shareholders. The income statement also shows Bank investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Bank of Nova Scotia Income Statement Chart

At this time, Bank of Nova Scotia's Total Operating Expenses is very stable compared to the past year. As of the 26th of March 2025, Total Other Income Expense Net is likely to grow to about 1.3 B, while Total Revenue is likely to drop about 19.5 B.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Bank of Nova Scotia generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Bank of Nova minus its cost of goods sold. It is profit before Bank of Nova Scotia operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Bank of Nova Scotia. It is also known as Bank of Nova Scotia overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Bank of Nova Scotia's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Bank of Nova Scotia current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of Nova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2022	2024	2025 (projected)
Interest Expense	38.5B	48.8B	51.2B
Depreciation And Amortization	1.8B	2.1B	2.2B

Interest Expense Depreciation And Amortization

Bank of Nova Scotia income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling And Marketing Expenses	Net Income From Continuing Ops	Minority Interest	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.85	0.88	0.66	0.64	0.74	-0.21	0.27	0.76	0.43	0.42	0.64	0.43	0.47	0.27	0.51	-0.63	0.49	0.92	0.79	0.94
Interest Expense	0.85		0.74	0.39	0.34	0.56	-0.33	-0.07	0.5	0.79	0.09	0.71	0.1	0.18	0.3	0.28	-0.61	0.28	0.81	0.88	0.79
Selling General Administrative	0.88	0.74		0.69	0.69	0.71	-0.06	0.3	0.73	0.31	0.51	0.59	0.52	0.56	0.52	0.49	-0.44	0.46	0.82	0.68	0.74
Total Revenue	0.66	0.39	0.69		1.0	0.53	0.0	0.4	0.61	-0.01	0.86	0.54	0.88	0.85	0.69	0.41	-0.24	0.38	0.74	0.64	0.66
Gross Profit	0.64	0.34	0.69	1.0		0.52	0.03	0.44	0.61	-0.07	0.88	0.5	0.89	0.86	0.68	0.41	-0.2	0.39	0.71	0.59	0.63
Other Operating Expenses	0.74	0.56	0.71	0.53	0.52		-0.61	0.07	0.45	0.0	0.22	0.34	0.23	0.26	0.21	0.19	-0.17	0.2	0.68	0.53	0.69
Operating Income	-0.21	-0.33	-0.06	0.0	0.03	-0.61		0.42	0.19	-0.17	0.38	-0.1	0.38	0.32	0.15	0.4	0.05	0.34	-0.21	-0.39	-0.35
Ebit	0.27	-0.07	0.3	0.4	0.44	0.07	0.42		0.78	-0.21	0.64	-0.19	0.61	0.69	0.03	0.8	-0.29	0.84	0.33	0.06	0.26
Ebitda	0.76	0.5	0.73	0.61	0.61	0.45	0.19	0.78		0.17	0.64	0.25	0.63	0.71	0.2	0.91	-0.58	0.89	0.79	0.52	0.7
Total Operating Expenses	0.43	0.79	0.31	-0.01	-0.07	0.0	-0.17	-0.21	0.17		-0.23	0.54	-0.22	-0.12	0.09	0.04	-0.64	0.08	0.41	0.68	0.45
Income Before Tax	0.42	0.09	0.51	0.86	0.88	0.22	0.38	0.64	0.64	-0.23		0.4	1.0	0.98	0.64	0.6	-0.19	0.6	0.47	0.29	0.36
Total Other Income Expense Net	0.64	0.71	0.59	0.54	0.5	0.34	-0.1	-0.19	0.25	0.54	0.4		0.41	0.41	0.57	0.12	-0.47	0.14	0.52	0.64	0.54
Net Income	0.43	0.1	0.52	0.88	0.89	0.23	0.38	0.61	0.63	-0.22	1.0	0.41		0.97	0.65	0.58	-0.19	0.56	0.48	0.31	0.38
Income Tax Expense	0.47	0.18	0.56	0.85	0.86	0.26	0.32	0.69	0.71	-0.12	0.98	0.41	0.97		0.63	0.66	-0.29	0.69	0.53	0.37	0.43
Selling And Marketing Expenses	0.27	0.3	0.52	0.69	0.68	0.21	0.15	0.03	0.2	0.09	0.64	0.57	0.65	0.63		0.07	0.08	0.1	0.33	0.4	0.14
Net Income From Continuing Ops	0.51	0.28	0.49	0.41	0.41	0.19	0.4	0.8	0.91	0.04	0.6	0.12	0.58	0.66	0.07		-0.47	0.95	0.57	0.26	0.43
Minority Interest	-0.63	-0.61	-0.44	-0.24	-0.2	-0.17	0.05	-0.29	-0.58	-0.64	-0.19	-0.47	-0.19	-0.29	0.08	-0.47		-0.49	-0.51	-0.55	-0.67
Tax Provision	0.49	0.28	0.46	0.38	0.39	0.2	0.34	0.84	0.89	0.08	0.6	0.14	0.56	0.69	0.1	0.95	-0.49		0.52	0.26	0.41
Net Interest Income	0.92	0.81	0.82	0.74	0.71	0.68	-0.21	0.33	0.79	0.41	0.47	0.52	0.48	0.53	0.33	0.57	-0.51	0.52		0.88	0.92
Interest Income	0.79	0.88	0.68	0.64	0.59	0.53	-0.39	0.06	0.52	0.68	0.29	0.64	0.31	0.37	0.4	0.26	-0.55	0.26	0.88		0.86
Reconciled Depreciation	0.94	0.79	0.74	0.66	0.63	0.69	-0.35	0.26	0.7	0.45	0.36	0.54	0.38	0.43	0.14	0.43	-0.67	0.41	0.92	0.86

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Bank of Nova Scotia Account Relationship Matchups

Bank of Nova Scotia income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	1.5B	1.5B	1.5B	1.8B	2.1B	2.2B
Interest Expense	8.0B	15.4B	38.5B	42.4B	48.8B	51.2B
Selling General Administrative	8.5B	8.8B	9.6B	10.5B	12.0B	12.6B
Total Revenue	30.9B	31.1B	31.8B	33.6B	38.7B	19.5B
Gross Profit	31.3B	30.9B	31.1B	31.8B	36.6B	18.9B
Other Operating Expenses	23.0B	18.4B	3.0B	15.8B	18.2B	19.1B
Operating Income	8.3B	12.5B	28.1B	8.7B	10.0B	15.4B
Ebit	8.2B	12.5B	12.7B	9.6B	8.7B	8.7B
Ebitda	9.7B	14.0B	14.2B	11.5B	13.2B	12.6B
Total Operating Expenses	(23.0B)	(18.4B)	(3.0B)	15.8B	14.2B	15.0B
Income Before Tax	12.8B	12.9B	9.8B	9.9B	11.4B	7.0B
Total Other Income Expense Net	(2.8B)	(2.6B)	(2.4B)	1.1B	1.2B	1.3B
Net Income	9.6B	9.9B	7.4B	7.8B	8.9B	5.3B
Income Tax Expense	1.5B	2.9B	2.8B	2.2B	2.6B	1.5B
Selling And Marketing Expenses	445M	404M	480M	576M	662.4M	485.7M
Net Income From Continuing Ops	10.0B	10.2B	7.5B	7.9B	9.1B	9.0B
Net Income Applicable To Common Shares	8.2B	6.6B	9.4B	9.7B	11.1B	8.7B
Minority Interest	(331M)	(258M)	(118M)	(134M)	(120.6M)	(114.6M)
Tax Provision	2.9B	2.8B	2.2B	2.0B	2.3B	2.4B
Net Interest Income	17.0B	18.1B	18.3B	19.3B	22.1B	18.2B
Interest Income	25.0B	33.6B	56.8B	61.7B	70.9B	36.7B
Reconciled Depreciation	1.5B	1.5B	1.8B	1.8B	2.0B	1.5B

Pair Trading with Bank of Nova Scotia

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bank of Nova Scotia position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bank of Nova Scotia will appreciate offsetting losses from the drop in the long position's value.

Moving against Bank Stock

0.78	FFH-PH	Fairfax Financial	Pair Corr
0.53	SEC	Senvest Capital Earnings Call Today	Pair Corr

The ability to find closely correlated positions to Bank of Nova Scotia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Nova Scotia when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bank of Nova Scotia - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bank of Nova to buy it.

The correlation of Bank of Nova Scotia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank of Nova Scotia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Nova Scotia moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Bank of Nova Scotia can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Bank of Nova Scotia is a strong investment it is important to analyze Bank of Nova Scotia's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Bank of Nova Scotia's future performance. For an informed investment choice regarding Bank Stock, refer to the following important reports:

How To Invest In Bank

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Is Bank Stock a good investment?

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What is Bank of Nova Scotia's Net Worth?

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Largest Diversified Banks Companies

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Largest Banks - Diversified Companies

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You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Please note, there is a significant difference between Bank of Nova Scotia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of Nova Scotia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of Nova Scotia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Bank Historical Income Statement

About Bank Income Statement Analysis

Bank of Nova Scotia Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Bank of Nova Scotia income statement Correlations

Bank of Nova Scotia Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Bank of Nova Scotia income statement Accounts

Pair Trading with Bank of Nova Scotia

Moving against Bank Stock

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Gross Profit	+ 1.0	Total Revenue
Net Income	+ 1.0	Income Before Tax
Income Tax Expense	+ 0.98	Income Before Tax
Income Tax Expense	+ 0.97	Net Income
Tax Provision	+ 0.95	Net Income From Continuing Ops
Reconciled Depreciation	+ 0.94	Depreciation And Amortization

Reconciled Depreciation	- 0.67	Minority Interest
Minority Interest	- 0.64	Total Operating Expenses
Minority Interest	- 0.63	Depreciation And Amortization
Operating Income	- 0.61	Other Operating Expenses
Minority Interest	- 0.61	Interest Expense
Minority Interest	- 0.58	Ebitda