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Bank of Nova Scotia Q2 Earnings Fall on Higher Provisions & Expenses
ZACKS· 2025-05-28 13:21
Core Viewpoint - The Bank of Nova Scotia (BNS) reported a decline in adjusted net income for Q2 fiscal 2025, primarily due to increased expenses and provisions for credit losses, despite higher revenues and solid capital ratios [1][2]. Financial Performance - Adjusted net income for Q2 was C$2.07 billion ($1.5 billion), down 1.6% year over year [1]. - Total revenues increased to C$9.08 billion ($6.59 billion), reflecting an 8.8% year-over-year growth [2]. - Net interest income rose by 12.3% to C$5.27 billion ($3.83 billion), while non-interest income grew 4.3% to C$3.81 billion ($2.77 billion) [2]. - Non-interest expenses increased by 8.5% to C$5.11 billion ($3.71 billion) [2]. - Provisions for credit losses surged by 38.8% to C$1.4 billion ($1.02 billion), indicating a deteriorating economic outlook [2]. Balance Sheet Analysis - As of April 30, 2025, total assets were C$1.42 trillion ($1.03 trillion), down 1.6% sequentially [3]. - Deposits decreased by 2.1% to C$945.8 billion ($686.9 billion) [3]. - Net loans fell by 1.3% to C$756.4 billion ($549.4 billion) [3]. Capital and Profitability Ratios - The Common Equity Tier 1 ratio remained stable at 13.2, consistent with the prior-year quarter [4]. - The total capital ratio was also stable at 17.1 [4]. - Adjusted return on equity decreased to 10.4%, down from 11.3% in the previous year [4]. Market Outlook - A diversified product mix and strong capital position are expected to support BNS, although macroeconomic concerns and rising expenses pose challenges [5].
Should You Buy, Sell or Hold Nova Stock After a 28% Dip in 3 Months?
ZACKS· 2025-05-21 16:31
Nova Ltd. (NVMI) shares have lost 27.9% in the past three months, underperforming the Zacks Electronics – Semiconductors industry’s return of 2.7%, and the Zacks Computer and Technology sector and the S&P 500 index’s decline of 1.6% and 1.3%, respectively. NVMI shares have also underperformed industry peers, including Applied Materials (AMAT) , Cirrus Logic (CRUS) and FormFactor (FORM) . In the past three months, shares of Applied Materials, Cirrus Logic and FormFactor have lost 1.9%, 2.5% and 7.8%, respect ...
QMET Closes Agreement to Acquire Colchester Natural Hydrogen Exploration Assets Adjacent to QIMC's Nova Scotia Hydrogen District
Newsfile· 2025-05-21 09:30
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Q Precious & Battery Metals Corp. (CSE: QMET) (FSE: 0NB) (OTC Pink: BTKRF) (the "Company" or "QMET") is pleased to announce that it has closed its previously announced amended and restated acquisition agreement (the "Acquisition Agreement") with the beneficial owners of the with the beneficial owners of the Colchester project (see press releases dated April 7, 2025 and May 6, 2025). The Colchester project comprises 8 licenses totaling 559 claim ...
How Much Upside is Left in Nova Ltd. (NVMI)? Wall Street Analysts Think 34.53%
ZACKS· 2025-05-20 15:01
Group 1 - Nova Ltd. (NVMI) closed at $190.17, with a 10% gain over the past four weeks, and a mean price target of $255.83 suggests a 34.5% upside potential [1] - The mean estimate includes six short-term price targets with a standard deviation of $19.60, indicating variability among analysts; the lowest estimate is $235 (23.6% increase), while the highest is $280 (47.2% increase) [2] - Analysts show strong agreement on NVMI's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock upside [4][11] Group 2 - The Zacks Consensus Estimate for NVMI has increased by 3.6% due to two upward revisions in earnings estimates over the last 30 days, with no negative revisions [12] - NVMI holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for near-term upside [13] - While consensus price targets may not be reliable for predicting exact gains, they can provide a directional guide for price movement [13]
JZR Gold Inc. Announces Completion of Testing of Gravimetric Mill at the Vila Nova Gold Project in Brazil
Thenewswire· 2025-05-14 00:25
May 13, 2025 - TheNewswire - Vancouver, British Columbia, Canada – JZR Gold Inc. (TSXV: JZR) (OTCQB: JZRIF) (the “Company” or “JZR”) wishes to provide an update on operations at Vila Nova Gold Project (the “ Vila Nova Project ” or the “Property”) located in the state of Amapa, Brazil. ECO Mining Oil & Gaz Drilling Exploration EIRELI (“ECO”), the operator of the Vila Nova Project, commissioned the design, manufacture and installation of a gravimetric mill on the Property capable of processing up to 800 to ...
Nova Pacific Metals Appoints Zachary Kotowych to Board of Directors
Newsfile· 2025-05-13 12:30
Core Viewpoint - Nova Pacific Metals Corp. has appointed Zachary Kotowych to its Board of Directors, bringing nearly a decade of experience in the mining and capital markets sectors, which will aid in advancing the company's projects and exploring new opportunities [1][5]. Company Update - Zachary Kotowych currently serves as CEO and Director of Troubadour Resources Inc. and has held corporate development roles at various junior mining companies, including Abitibi Metals Corp. [2][3]. - His technical experience includes exploration work with Great Bear Resources, Carlisle Goldfields, and Solstice Gold, and he holds a Master of Science in Geophysics and an Honours Bachelor of Science in Mathematics and Geology from the University of Toronto [4]. - The company has amended the expiry date of 7,410,000 share purchase warrants from May 31, 2025, to May 31, 2026, with an exercise price of $0.40 per share [6][7]. Indigenous Engagement - Nova Pacific emphasizes early and meaningful engagement with First Nation communities to ensure that mineral exploration and development activities are well-coordinated and supported, aiming to establish mutually beneficial partnerships [8]. Project Focus - The company is focused on the Lara Volcanogenic Massive Sulfide (VMS) Project on Vancouver Island, British Columbia, which has a significant historical resource rich in critical and precious metals [9]. - Nova Pacific's strategy includes verification and exploration drilling, completion of an updated mineral resource estimate, and additional technical studies following these milestones [9].
Nova .(NVMI) - 2025 Q1 - Earnings Call Presentation
2025-05-12 18:37
Nova Investor Presentation May 2025 1 © Nova confidential & proprietary information Use of Non-GAAP Adjusted Financial Measures This presentation provides financial measures that exclude amortization of acquired intangible assets, acquisition-related expenses, inventory step-up and contingent consideration revaluation, stock-based compensation expenses, revaluation of operating lease liabilities and remeasurement of intercompany loans, amortization of debt discount and issuance costs and tax effect of non-G ...
Nova Ltd. (NVMI) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2025-05-12 17:50
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help ...
Nova Ltd. (NVMI) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-05-08 15:04
Nova Ltd. (NASDAQ:NVMI) Q1 2025 Earnings Conference Call May 8, 2025 8:30 AM ET Company Participants Miri Segal - CEO of MSIR, IR Gaby Waisman - President & CEO Guy Kizner - CFO Conference Call Participants Ezra Weener - Jefferies Atif Malik - Citi Mark Lipacis - Evercore Mark Miller - The Benchmark Company Charles Shi - Needham Operator Good day, and welcome to the Nova Limited First Quarter 2025 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's pr ...
Nova Ltd. (NVMI) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 14:05
Nova Ltd. (NVMI) came out with quarterly earnings of $2.18 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.81%. A quarter ago, it was expected that this maker of monitoring systems used in chip manufacturing would post earnings of $1.82 per share when it actually produced earnings of $1.94, delivering a surprise of 6.59%.Ov ...