The Bank of Nova Scotia (NYSE:BNS) has just announced its financial results for the second quarter of 2024.
During the quarter, the bank achieved a net income of $2.092 billion CAD, a slight decrease from $2.146 billion CAD reported in Q2 2023.
While diluted earnings per share (EPS) came in at $1.57, down from $1.68 in the same period last year, adjusted net income stood at $2.105 billion CAD, with an adjusted EPS of $1.58.
In the breakdown of its performance, the Canadian Banking segment recorded adjusted earnings of $1 billion CAD for the quarter.
Additionally, International Banking reported adjusted earnings of $701 million CAD.
Elsewhere, Global Wealth Management saw an 8% increase in adjusted earnings to $389 million CAD, while Global Banking and Markets reported earnings of $428 million CAD, marking a 7% rise from the previous year.
To wrap up the quarter, the Bank's Common Equity Tier 1 (CET1) capital ratio improved to 13.2%, reflecting its strong capital and liquidity position.