What is Cormark’s Estimate for BNS Q4 Earnings?

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Cormark issued their Q4 2024 EPS estimates for shares of Bank of Nova Scotia in a note issued to investors on Monday, November 25th. Cormark analyst L. Persaud expects that the bank will earn $1.17 per share for the quarter. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.52 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2025 earnings at $5.08 EPS.

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

Several other equities analysts have also weighed in on BNS. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research 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 research report on Friday, September 20th. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research report on Thursday, November 21st. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Finally, Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Bank of Nova Scotia Stock Up 0.9 %

BNS opened at $56.72 on Wednesday. The stock’s fifty day simple moving average is $53.65 and its 200 day simple moving average is $49.60. Bank of Nova Scotia has a 1-year low of $41.80 and a 1-year high of $56.81. The stock has a market cap of $70.58 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.52 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.

Institutional Trading of Bank of Nova Scotia

Several large investors have recently modified their holdings of the stock. Mather Group LLC. increased its holdings in 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 buying an additional 500 shares during the period. Blue Trust Inc. lifted its stake in Bank of Nova Scotia by 3,127.8% during the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock worth $27,000 after purchasing an additional 563 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Bank of Nova Scotia by 1,588.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after purchasing an additional 810 shares in the last quarter. City State Bank bought a new position in shares of Bank of Nova Scotia in the 3rd quarter valued at $57,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Bank of Nova Scotia by 102.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock worth $83,000 after buying an additional 811 shares in the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.

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.