$Bank of Nova Scotia (BNS.CA)$ Canadian Western Bank. Lets compare .
1-year share price of CWB increased by 100 % !
Third quarter 2024 earnings: EPS misses analyst expectations !!!!
Third quarter 2024 results:
EPS: CA$0.43 (down from CA$0.86 in 3Q 2023).
Revenue: CA$243.5m (down 9.3% from 3Q 2023).
Net income: CA$41.4m (down 50% !!! from 3Q 2023).
Profit margin: 17% (down from 31% !!! in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
Earnings per share (EPS) missed analyst estimates by 49%. !!!
Over the last 3 years, on average, earnings per share has fallen by 6% per year, but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.