Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities research analysts at Desjardins decreased their Q1 2018 EPS estimates for shares of Bank of Nova Scotia in a research note issued on Monday. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.64 for the quarter, down from their prior forecast of $1.71. Desjardins also issued estimates for Bank of Nova Scotia’s Q4 2018 earnings at $1.74 EPS and FY2018 earnings at $6.77 EPS.
BNS has been the topic of several other research reports. BMO Capital Markets restated an “outperform” rating and issued a C$86.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, December 6th. CSFB boosted their target price on shares of Bank of Nova Scotia from C$84.00 to C$86.00 in a research note on Friday, January 19th. Citigroup boosted their target price on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Canaccord Genuity boosted their target price on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, National Bank Financial boosted their target price on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$89.17.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. The business had revenue of C$6.81 billion for the quarter, compared to analyst estimates of C$7.05 billion. During the same quarter in the prior year, the firm earned $1.58 EPS.
In related news, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 2nd were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.10%. Bank of Nova Scotia’s dividend payout ratio is 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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