The past few weeks have been lucrative for investors of Bank of Nova Scotia (TSX:BNS)(NYSE:BNS). The company announced very strong Q1 earnings, which makes this company worth considering for your portfolio.
Bank of Nova Scotia’s net income increased 5.1% to $1.81 billion, which led to a 5.9% increase to $1.43 in earnings per share. Part of the reason the stock reacted so positively is because it beat analyst expectations by a penny. Further, its total assets increased to $916.6 billion, an improvement of 7.9%.
As I had been hoping, its international business really led the way for its strong results.
Source: The Motley Fool