What is Cormark’s Forecast for TSE:BNS FY2026 Earnings?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at Cormark decreased their FY2026 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a report issued on Wednesday, December 4th. Cormark analyst L. Persaud now expects that the bank will earn $7.99 per share for the year, down from their prior forecast of $8.02. Cormark currently has a “Market Perform” rating and a $65.00 target price on the stock. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share.

A number of other research firms also recently weighed in on BNS. Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada upped their target price on Bank of Nova Scotia from C$65.00 to C$74.00 in a research report on Wednesday. CIBC lifted their price target on Bank of Nova Scotia from C$82.00 to C$84.00 in a report on Tuesday, November 26th. BMO Capital Markets increased their price objective on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. Finally, UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$76.73.

Bank of Nova Scotia Stock Performance

Shares of BNS opened at C$78.29 on Thursday. Bank of Nova Scotia has a 52 week low of C$59.62 and a 52 week high of C$80.14. The company has a market capitalization of C$97.08 billion, a PE ratio of 13.71, a PEG ratio of 1.33 and a beta of 0.97. The company’s 50 day moving average price is C$74.65 and its 200 day moving average price is C$68.39.

Bank of Nova Scotia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th will be paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.42%. Bank of Nova Scotia’s payout ratio is presently 74.26%.

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 through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.