Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – National Bank Financial issued their Q3 2020 earnings per share estimates for Bank of Nova Scotia in a research note issued on Tuesday, February 11th. National Bank Financial analyst G. Dechaine expects that the bank will post earnings of $1.87 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $77.00 price target on the stock. National Bank Financial also issued estimates for Bank of Nova Scotia’s FY2021 earnings at $7.66 EPS.
BNS has been the topic of several other research reports. CIBC boosted their price target on Bank of Nova Scotia from C$77.00 to C$81.00 in a research note on Thursday, November 21st. Royal Bank of Canada cut their price objective on Bank of Nova Scotia from C$78.00 to C$76.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Desjardins upped their price objective on Bank of Nova Scotia from C$80.00 to C$82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. TD Securities cut their price objective on Bank of Nova Scotia from C$79.00 to C$77.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Finally, Canaccord Genuity upped their price objective on Bank of Nova Scotia from C$74.00 to C$77.00 in a research note on Monday, November 25th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bank of Nova Scotia currently has a consensus rating of “Hold” and an average target price of C$78.40.
TSE:BNS opened at C$74.73 on Thursday. Bank of Nova Scotia has a one year low of C$67.17 and a one year high of C$76.75. The business’s 50-day simple moving average is C$73.09 and its 200 day simple moving average is C$73.33. The stock has a market cap of $90.88 billion and a price-to-earnings ratio of 11.20.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, November 26th. The bank reported C$1.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$1.82. The business had revenue of C$7.97 billion during the quarter, compared to analyst estimates of C$7.98 billion.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend was Monday, January 6th. Bank of Nova Scotia’s payout ratio is currently 52.28%.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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