Research Analysts Set Expectations for The Bank of Nova Scotia’s Q4 2024 Earnings (TSE:BNS)

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Research analysts at National Bank Financial cut their Q4 2024 EPS estimates for shares of Bank of Nova Scotia in a note issued to investors on Thursday, May 16th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings per share of $1.74 for the quarter, down from their prior forecast of $1.78. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $6.53 per share.

BNS has been the subject of several other research reports. National Bankshares lifted their price objective on shares of Bank of Nova Scotia from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Canaccord Genuity Group lifted their price objective on shares of Bank of Nova Scotia from C$65.00 to C$67.50 and gave the company a “hold” rating in a research note on Wednesday, February 28th. CIBC reduced their price objective on shares of Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating for the company in a research note on Friday, March 8th. Royal Bank of Canada lifted their price objective on shares of Bank of Nova Scotia from C$62.00 to C$64.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 28th. Finally, BMO Capital Markets boosted their target price on shares of Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus price target of C$67.41.

Bank of Nova Scotia Trading Up 0.5 %

BNS stock opened at C$66.21 on Monday. Bank of Nova Scotia has a 1 year low of C$55.20 and a 1 year high of C$70.40. The company has a fifty day simple moving average of C$66.23 and a 200 day simple moving average of C$63.88. The firm has a market cap of C$80.78 billion, a PE ratio of 10.84, a PEG ratio of 1.33 and a beta of 0.98.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.61 by C$0.08. The company had revenue of C$8.43 billion during the quarter, compared to analyst estimates of C$8.12 billion. Bank of Nova Scotia had a net margin of 26.75% and a return on equity of 10.20%.

Bank of Nova Scotia Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 2nd were paid a $1.06 dividend. The ex-dividend date was Monday, April 1st. This represents a $4.24 dividend on an annualized basis and a yield of 6.40%. Bank of Nova Scotia’s payout ratio is currently 69.39%.

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.