Bank of Nova Scotia (BNS) Expected to Earn FY2019 Earnings of $7.43 Per Share
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at National Bank Financial issued their FY2019 earnings per share estimates for shares of Bank of Nova Scotia in a research report issued on Wednesday. National Bank Financial analyst G. Dechaine forecasts that the bank will earn $7.43 per share for the year. National Bank Financial currently has a “Outperform” rating and a $88.00 target price on the stock.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). The business had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same quarter in the prior year, the business earned $1.58 EPS.
Shares of Bank of Nova Scotia (BNS) traded down C$0.30 on Monday, reaching C$83.30. 696,631 shares of the company’s stock were exchanged, compared to its average volume of 2,135,422. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50.
In other news, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Also, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00. Insiders have sold a total of 30,364 shares of company stock valued at $2,459,789 in the last ninety days.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio is presently 47.00%.
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Bank of Nova Scotia Company Profile
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.
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