Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) is set to issue its quarterly earnings data before the market opens on Tuesday, November 28th. Analysts expect the company to announce earnings of C$1.75 per share for the quarter.
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, August 29th. The bank reported C$1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.72 by C$0.01. Bank of Nova Scotia had a return on equity of 10.89% and a net margin of 28.26%. The business had revenue of C$8.09 billion during the quarter, compared to analyst estimates of C$8.18 billion.
Bank of Nova Scotia Stock Performance
Shares of BNS stock opened at C$60.99 on Tuesday. Bank of Nova Scotia has a 52-week low of C$55.20 and a 52-week high of C$74.41. The firm has a market capitalization of C$73.80 billion, a PE ratio of 9.54, a PEG ratio of 11.06 and a beta of 0.94. The stock has a fifty day simple moving average of C$60.07 and a two-hundred day simple moving average of C$63.39.
Bank of Nova Scotia Dividend Announcement
Analyst Ratings Changes
A number of research analysts recently commented on BNS shares. Canaccord Genuity Group increased their price target on shares of Bank of Nova Scotia from C$67.00 to C$69.50 and gave the company a “hold” rating in a report on Monday, July 24th. Cormark dropped their target price on Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a research report on Wednesday, August 30th. Desjardins dropped their target price on Bank of Nova Scotia from C$70.00 to C$64.00 and set a “hold” rating for the company in a research report on Monday, November 6th. Scotiabank boosted their target price on Bank of Nova Scotia from C$67.00 to C$69.50 in a research report on Monday, July 24th. Finally, CIBC dropped their target price on Bank of Nova Scotia from C$71.00 to C$64.00 and set a “neutral” rating for the company in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$68.70.
About Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.
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