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  5. BNS: Good evening, I was wondering if I could get an overview of the future outlook of the Bank of Nova Scotia. [Bank of Nova Scotia (The)]
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Q: Good evening,

I was wondering if I could get an overview of the future outlook of the Bank of Nova Scotia.

Thanks,

Aidan
Asked by A on June 21, 2024
5i Research Answer:

BNS changed CEO's at the start of 2023 and the focus has began shifting the company's focus to being more profit oriented. This included shifting focus back onto the North American market and increasing market share among certain products/services. Analyst forecast revenue growth between 4%-6% over the next two year. EPS is forecasted to be flat in 2024, then increase 6.6% and 11% respectively in 2025 & 2026. We think it can do better in a more supportive macroeconomic backdrop and it is cheap at 9.7x forward earnings.

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