Bank of Nova Scotia to Post FY2019 Earnings of $7.43 Per Share, National Bank Financial Forecasts (BNS)

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – National Bank Financial issued their FY2019 EPS estimates for shares of Bank of Nova Scotia in a note issued to investors on Wednesday. National Bank Financial analyst G. Dechaine expects that the bank will earn $7.43 per share for the year. National Bank Financial currently has a “Outperform” rating and a $88.00 target price on the stock.

Several other analysts also recently weighed in on BNS. Scotiabank decreased their price objective on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. CIBC lifted their price objective on Bank of Nova Scotia from C$87.00 to C$93.00 in a report on Monday, November 13th. Royal Bank of Canada lifted their price objective on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Canaccord Genuity lifted their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. Finally, Citigroup lifted their price objective on Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. Eight equities research analysts have rated the stock with a buy rating, Bank of Nova Scotia currently has an average rating of “Buy” and an average target price of C$88.46.

Shares of Bank of Nova Scotia (TSE:BNS) traded down C$0.41 on Monday, hitting C$82.83. 2,132,266 shares of the stock were exchanged, compared to its average volume of 2,131,306. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.68 by C($0.03). The company had revenue of C$6.81 billion for the quarter, compared to analysts’ expectations of C$7.05 billion. Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. During the same period in the prior year, the firm posted $1.58 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be issued a $0.79 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a yield of 3.82%. Bank of Nova Scotia’s dividend payout ratio is presently 47.00%.

In other Bank of Nova Scotia news, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Also, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction of C$1,652,000.00. Insiders sold 23,250 shares of company stock valued at $1,913,718 over the last quarter.

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About Bank of Nova Scotia

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Earnings History and Estimates for Bank of Nova Scotia (TSE:BNS)

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