• Bank Of Nova Scotia average return on tangible equity for 2024 was 11.43, a 13.8% decline from 2023.
• 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.

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.