Cormark Has Positive Outlook for TSE:BNS FY2025 Earnings

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark lifted their FY2025 earnings per share estimates for shares of Bank of Nova Scotia in a research report issued to clients and investors on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $7.06 for the year, up from their previous estimate of $6.93. 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. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $8.02 EPS.

BNS has been the topic of a number of other reports. TD Securities boosted their price target on shares of Bank of Nova Scotia from C$80.00 to C$82.00 in a research note on Friday, November 15th. Cibc World Mkts raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Royal Bank of Canada lifted their price target on Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. Jefferies Financial Group increased their price target on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, BMO Capital Markets boosted their price target on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.00.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$79.09 on Tuesday. Bank of Nova Scotia has a 1 year low of C$56.83 and a 1 year high of C$79.38. The firm has a market cap of C$98.07 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.33 and a beta of 0.97. The stock’s 50-day moving average is C$73.80 and its two-hundred day moving average is C$67.82.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, hitting the consensus estimate of C$1.63. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $4.24 annualized dividend and a yield of 5.36%. Bank of Nova Scotia’s payout ratio is 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.