Cormark Predicts Reduced Earnings for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Investment analysts at Cormark dropped their FY2025 EPS estimates for Bank of Nova Scotia in a research note issued to investors on Wednesday, February 26th. Cormark analyst L. Persaud now expects that the bank will post earnings of $6.93 per share for the year, down from their previous estimate of $6.96. 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 $7.96 EPS.

Other equities research analysts have also recently issued research reports about the company. Barclays raised Bank of Nova Scotia from a "strong sell" rating to a "hold" rating in a report on Thursday, November 21st. Canaccord Genuity Group raised Bank of Nova Scotia from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. Royal Bank of Canada decreased their target price on Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Bank of America upgraded shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating and boosted their price target for the stock from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Finally, National Bankshares upped their price target on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of "Hold" and a consensus price target of C$79.09.

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Bank of Nova Scotia Stock Performance

Shares of TSE:BNS traded down C$0.18 during trading on Thursday, reaching C$71.64. The company had a trading volume of 4,546,092 shares, compared to its average volume of 4,481,138. The firm's fifty day moving average is C$74.15 and its 200 day moving average is C$73.14. The firm has a market capitalization of C$87.79 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14.

Bank of Nova Scotia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.92%. Bank of Nova Scotia's dividend payout ratio is currently 67.00%.

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.