Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Desjardins lowered their FY2019 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued on Monday. Desjardins analyst D. Young now expects that the bank will post earnings per share of $7.38 for the year, down from their previous forecast of $7.40.
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). The firm had revenue of C$6.81 billion during the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.64% and a net margin of 30.39%. During the same quarter in the previous year, the company earned $1.58 earnings per share.
Bank of Nova Scotia (BNS) traded up C$0.86 on Wednesday, hitting C$77.73. 1,220,487 shares of the company’s stock were exchanged, compared to its average volume of 2,189,952. The company has a market capitalization of $93,160.00, a price-to-earnings ratio of 11.97 and a beta of 0.86. Bank of Nova Scotia has a fifty-two week low of C$73.31 and a fifty-two week high of C$85.50.
In other news, 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 value of C$1,652,000.00.
The business also recently announced a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio (DPR) 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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