National Bank Financial Weighs in on TSE:BNS FY2025 Earnings

The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Investment analysts at National Bank Financial lowered their FY2025 earnings estimates for Bank of Nova Scotia in a research note issued on Sunday, April 6th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings of $6.77 per share for the year, down from their previous estimate of $6.94. 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 $7.44 EPS.

A number of other equities research analysts also recently weighed in on BNS. Cibc World Mkts downgraded Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Bank of America cut Bank of Nova Scotia from a "buy" rating to a "neutral" rating and decreased their price objective for the company from C$82.00 to C$70.00 in a report on Monday, March 31st. National Bankshares cut their target price on Bank of Nova Scotia from C$78.00 to C$71.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Jefferies Financial Group decreased their price target on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada lowered 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. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bank of Nova Scotia presently has an average rating of "Hold" and a consensus price target of C$76.09.

Remove Ads

Bank of Nova Scotia Trading Up 1.5 %

Shares of Bank of Nova Scotia stock traded up C$0.97 on Wednesday, hitting C$64.94. 633,585 shares of the company traded hands, compared to its average volume of 5,284,831. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14. The company has a market cap of C$79.58 billion, a P/E ratio of 10.26, a P/E/G ratio of 1.33 and a beta of 0.97. The firm's 50-day simple moving average is C$69.50 and its 200 day simple moving average is C$73.20.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, April 28th will be given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Tuesday, April 1st. 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.