Bank of Nova Scotia Net Income vs. Profit Margin
| BNS Stock | CAD 77.16 1.21 1.54% |
Net Income | First Reported 1995-10-31 | Previous Quarter 1.9 B | Current Value 1.6 B | Quarterly Volatility 712.1 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.74 | 0.83 |
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| Net Profit Margin | 0.21 | 0.2308 |
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| Operating Profit Margin | 0.3 | 0.31 |
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| Pretax Profit Margin | 0.28 | 0.2952 |
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| Return On Assets | 0.0086 | 0.0055 |
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| Return On Equity | 0.15 | 0.0942 |
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For Bank of Nova Scotia profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Bank of Nova Scotia to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Bank of Nova utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Bank of Nova Scotia's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Bank of Nova over time as well as its relative position and ranking within its peers.
Bank |
Bank of Nova Scotia Profit Margin vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Bank of Nova Scotia's current stock value. Our valuation model uses many indicators to compare Bank of Nova Scotia value to that of its competitors to determine the firm's financial worth. Bank of Nova is rated fourth in net income category among its peers. It also is rated fourth in profit margin category among its peers . The ratio of Net Income to Profit Margin for Bank of Nova is about 30,567,375,887 . At this time, Bank of Nova Scotia's Net Income is very stable compared to the past year. Comparative valuation analysis is a catch-all model that can be used if you cannot value Bank of Nova Scotia by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Bank of Nova Scotia's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Bank Profit Margin vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Bank of Nova Scotia |
| = | 7.76 B |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Bank of Nova Scotia |
| = | 0.25 % |
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
Bank Profit Margin Comparison
Bank of Nova Scotia is currently under evaluation in profit margin category among its peers.
Bank of Nova Scotia Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Bank of Nova Scotia, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Bank of Nova Scotia will eventually generate negative long term returns. The profitability progress is the general direction of Bank of Nova Scotia's change in net profit over the period of time. It can combine multiple indicators of Bank of Nova Scotia, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -6.3 B | -6 B | |
| Operating Income | 10 B | 15.4 B | |
| Income Before Tax | 9.9 B | 7 B | |
| Total Other Income Expense Net | 1.2 B | 1.3 B | |
| Net Income | 7.8 B | 5.4 B | |
| Income Tax Expense | 2.6 B | 1.5 B | |
| Net Income From Continuing Ops | 7.9 B | 9 B | |
| Net Income Applicable To Common Shares | 11.1 B | 8.7 B | |
| Net Interest Income | 19.3 B | 18.2 B | |
| Interest Income | 61.7 B | 36.7 B | |
| Change To Netincome | 2.8 B | 2.7 B | |
| Net Income Per Share | 6.31 | 3.41 | |
| Income Quality | 1.98 | 2.08 | |
| Net Income Per E B T | 0.78 | 0.59 |
Bank Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Bank of Nova Scotia. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Bank of Nova Scotia position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Bank of Nova Scotia's important profitability drivers and their relationship over time.
Use Bank of Nova Scotia in pair-trading
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.Bank of Nova Scotia Pair Trading
Bank of Nova Pair Trading Analysis
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.Use Investing Themes to Complement your Bank of Nova Scotia position
In addition to having Bank of Nova Scotia in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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To fully project Bank of Nova Scotia's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Bank of Nova Scotia at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Bank of Nova Scotia's income statement, its balance sheet, and the statement of cash flows.