• Bank Of Nova Scotia average return on tangible equity for 2023 was 13.26, a 24.4% decline from 2022.
• Bank Of Nova Scotia average return on tangible equity for 2022 was 17.54, a 17.01% decline from 2021.
• Bank Of Nova Scotia average return on tangible equity for 2021 was 14.99, a 7.38% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.