BNS FY2025 EPS Forecast Cut by National Bank Financial

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities research analysts at National Bank Financial cut their FY2025 earnings per share estimates for shares of Bank of Nova Scotia in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $5.04 per share for the year, down from their previous forecast of $5.05. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.75 per share.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.53 billion. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

Bank of Nova Scotia Trading Up 0.4 %

NYSE:BNS opened at $56.46 on Friday. Bank of Nova Scotia has a 12-month low of $41.80 and a 12-month high of $56.71. The firm has a market cap of $70.26 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $53.42 and a 200 day moving average price of $49.41.

Hedge Funds Weigh In On Bank of Nova Scotia

Large investors have recently bought and sold shares of the stock. Mather Group LLC. increased its holdings in shares of Bank of Nova Scotia by 1,388.9% in the 2nd quarter. Mather Group LLC. now owns 536 shares of the bank’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Blue Trust Inc. increased its stake in Bank of Nova Scotia by 3,127.8% in the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after purchasing an additional 563 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Bank of Nova Scotia by 1,588.2% in the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after buying an additional 810 shares during the last quarter. City State Bank acquired a new stake in shares of Bank of Nova Scotia during the third quarter worth about $57,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Bank of Nova Scotia by 102.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock worth $83,000 after buying an additional 811 shares during the period. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were paid a dividend of $0.768 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $3.07 annualized dividend and a yield of 5.44%. Bank of Nova Scotia’s dividend payout ratio is currently 74.88%.

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.