The Bank of Nova Scotia (BNS) Q2 2024 Earnings Call Transcript


The Bank of Nova Scotia (NYSE:BNS) Q2 2024 Earnings Conference Call May 28, 2024 8:00 AM ET

Company Participants

John McCartney – Head of IR
Scott Thomson – President and CEO
Raj Viswanathan – CFO
Phil Thomas – Chief Risk Officer
Francisco Aristeguieta – Group Head of International Banking
Aris Bogdaneris – Group Head of Canadian Banking

Conference Call Participants

Ebrahim Poonawala – Bank of America
Doug Young – Desjardins Capital Markets
Paul Holden – CIBC
Matthew Lee – Canaccord Genuity
John Aiken – Jefferies
Gabriel Dechaine – National Bank Financial
Mario Mendonca – TD Securities
Lemar Persaud – Cormark Securities
Mike Rizvanovic – KBW Research
Nigel D’Souza – Veritas Investment Research
Darko Mihelic – RBC Capital Markets
Sohrab Movahedi – BMO Capital Markets

John McCartney

Good morning, and welcome to Scotiabank’s 2024 Second Quarter Results Presentation. My name is John McCartney, and I’m Head of Investor Relations here at Scotiabank.

Presenting to you this morning are Scott Thomson, Scotiabank’s President and Chief Executive Officer; Raj Viswanathan, our Chief Financial Officer; and Phil Thomas, our Chief Risk Officer. Following our comments, we will be glad to take your questions.

Also present to take questions are the following Scotiabank’s executives: Aris Bogdaneris from Canadian Banking; Jackie Allard from Global Wealth Management; Francisco Aristeguieta from International Banking and Travis MacHen from Global Banking and Markets.

Before we start and on behalf of those speaking today, I’ll refer you to Slide 2 of our presentation, which contains Scotiabank’s caution regarding forward-looking statements.

With that, I will now turn the call over to Scott.

Scott Thomson

Thank you, John and good morning, everyone.

We are pleased to share our Q2 results, which reflect solid earnings from each of our four business lines. This is our second quarter since we shared our enterprise-wide strategy, and I’m encouraged by

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