Analysts Set Expectations for TSE:BNS FY2025 Earnings

The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Equities research analysts at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a report issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $7.00 per share for the year, up from their previous estimate of $6.92. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $7.13 per share. National Bank Financial also issued estimates for Bank of Nova Scotia's FY2026 earnings at $8.14 EPS.

A number of other research firms have also commented on BNS. 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. Cormark cut their price target on Bank of Nova Scotia from C$68.00 to C$65.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 20th. CIBC raised Bank of Nova Scotia from a "neutral" rating to an "outperform" rating and upped their price target for the company from C$78.00 to C$82.00 in a research note on Friday, September 20th. Royal Bank of Canada increased 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, National Bankshares increased their target price on Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday. Seven 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 stock. According to MarketBeat, Bank of Nova Scotia has a consensus rating of "Moderate Buy" and a consensus target price of C$74.75.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock traded down C$0.21 on Thursday, reaching C$78.50. The company's stock had a trading volume of 3,584,847 shares, compared to its average volume of 4,258,680. The company has a market cap of C$97.34 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.33 and a beta of 0.97. The business's fifty day moving average price is C$73.12 and its 200 day moving average price is C$67.40. Bank of Nova Scotia has a twelve month low of C$56.83 and a twelve month high of C$79.16.

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

Bank of Nova Scotia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were given 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 5.40%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 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.