Scotiabank's Q2 Earnings: Trading At Elevated Multiples And Technical Levels

The Bank of Nova Scotia delivered strong Q2 results, with EPS up 12 cents and ROE improving to 13.1%. BNS saw robust non-interest income growth, particularly in wealth management and capital markets, offsetting flat net interest income acceleration. Provisions declined, and CET1 remains strong at 13.3%, but concentration risk surfaced with a single-client impaired loan increase.