FY2025 EPS Estimates for TSE:BNS Boosted by Analyst

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at National Bank Financial increased their FY2025 earnings per share estimates for shares of Bank of Nova Scotia in a research report issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings per share of $7.00 for the year, up from their prior estimate of $6.92. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share. National Bank Financial also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $8.14 EPS.

Several other brokerages also recently issued reports on BNS. National Bankshares lifted their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday. Royal Bank of Canada lifted their price objective on Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 28th. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating and lifted their price objective for the company from C$73.00 to C$90.00 in a research report on Tuesday. CIBC raised Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$78.00 to C$82.00 in a research note on Friday, September 20th. Finally, Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their target price for the company from C$71.00 to C$84.00 in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$74.75.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at C$78.50 on Thursday. The business has a 50 day simple moving average of C$73.29 and a 200 day simple moving average of C$67.50. Bank of Nova Scotia has a one year low of C$56.83 and a one year high of C$79.16. The company has a market capitalization of C$97.34 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, hitting the consensus estimate of C$1.63. The business had revenue of C$8.36 billion during the quarter, compared to the consensus estimate of C$8.50 billion. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date was Wednesday, October 2nd. Bank of Nova Scotia’s payout ratio is 74.26%.

Bank of Nova Scotia Company Profile

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.