Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at Cormark increased their Q1 2019 EPS estimates for shares of Bank of Nova Scotia in a research note issued on Tuesday. Cormark analyst M. Grauman now anticipates that the bank will post earnings per share of $1.78 for the quarter, up from their previous forecast of $1.77. Cormark also issued estimates for Bank of Nova Scotia’s Q2 2019 earnings at $1.80 EPS, Q3 2019 earnings at $1.91 EPS and Q4 2019 earnings at $1.92 EPS.

A number of other equities analysts have also weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a C$86.00 target price on shares of Bank of Nova Scotia in a research report on Wednesday. Royal Bank Of Canada upped their price target on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. National Bank Financial upped their price target on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. Scotiabank decreased their price target on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a report on Wednesday, November 29th. Finally, Citigroup upped their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. Eight equities research analysts have rated the stock with a buy rating, Bank of Nova Scotia presently has a consensus rating of “Buy” and a consensus target price of C$88.46.

Shares of Bank of Nova Scotia (TSE:BNS) traded up C$0.67 during trading hours on Wednesday, hitting C$81.81. The stock had a trading volume of 1,695,238 shares, compared to its average volume of 2,138,236. Bank of Nova Scotia has a one year low of C$73.31 and a one year high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. The firm had revenue of C$6.81 billion for the quarter, compared to analyst estimates of C$7.05 billion. During the same period in the previous year, the company earned $1.58 earnings per share.

In related news, insider Kyle Mcnamara sold 3,036 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total transaction of C$244,489.08. Also, insider Deborah Alexander sold 7,114 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total value of C$546,070.64. Insiders have sold a total of 10,364 shares of company stock valued at $807,789 in the last quarter.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.16 annualized dividend and a dividend yield of 3.86%. Bank of Nova Scotia’s payout ratio is 47.00%.

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About Bank of Nova Scotia

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Earnings History and Estimates for Bank of Nova Scotia (TSE:BNS)

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