Cormark Has Positive Outlook for TSE:BNS FY2025 Earnings

The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Equities researchers at Cormark upped 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 anticipates 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.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$1.63. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. The firm had revenue of C$8.36 billion during the quarter, compared to analysts' expectations of C$8.50 billion.

A number of other equities research analysts have also commented on the stock. TD Securities raised their price objective on shares of Bank of Nova Scotia from C$80.00 to C$82.00 in a report on Friday, November 15th. Barclays raised Bank of Nova Scotia from a "strong sell" rating to a "hold" rating in a research note on Thursday, November 21st. National Bankshares increased their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Royal Bank of Canada boosted their target price 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. Finally, Bank of America raised Bank of Nova Scotia from a "neutral" rating to a "buy" rating and upped their price target for the stock from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$76.00.

Bank of Nova Scotia Trading Up 0.1 %

Shares of BNS stock traded up C$0.10 on Tuesday, hitting C$79.09. The stock had a trading volume of 6,121,676 shares, compared to its average volume of 4,266,250. The firm has a market cap of C$98.07 billion, a P/E ratio of 13.85, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a twelve month low of C$56.83 and a twelve month high of C$79.38. The company has a fifty day moving average price of C$73.80 and a two-hundred day moving average price of C$67.82.

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 5.36%. 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.