The Bank of Nova Scotia (NYSE:BNS – Free Report) (TSE:BNS) – Stock analysts at National Bank Financial cut their FY2025 EPS estimates for shares of Bank of Nova Scotia in a research note issued to investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the bank will earn $5.04 per share for the year, down from their prior estimate of $5.05. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.53 per share.
Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) last posted its quarterly earnings data on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.01. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the firm posted $1.30 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis.
Get Our Latest Analysis on BNS
Bank of Nova Scotia Trading Up 0.4 %
NYSE:BNS opened at $56.45 on Friday. The firm’s fifty day moving average is $53.42 and its 200-day moving average is $49.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02. Bank of Nova Scotia has a 52 week low of $41.80 and a 52 week high of $56.71. The firm has a market cap of $70.25 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.51 and a beta of 1.05.
Bank of Nova Scotia Cuts Dividend
The company 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 $0.768 per share. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Wednesday, October 2nd. Bank of Nova Scotia’s payout ratio is currently 74.88%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its position in Bank of Nova Scotia by 9.6% in the third quarter. Toronto Dominion Bank now owns 24,990,868 shares of the bank’s stock worth $1,361,752,000 after acquiring an additional 2,195,604 shares during the period. Geode Capital Management LLC raised its position in shares of Bank of Nova Scotia by 10.3% in the third quarter. Geode Capital Management LLC now owns 5,640,471 shares of the bank’s stock valued at $310,817,000 after purchasing an additional 524,496 shares during the period. Executive Wealth Management LLC purchased a new position in Bank of Nova Scotia during the third quarter valued at approximately $619,000. Abel Hall LLC purchased a new position in Bank of Nova Scotia during the third quarter valued at approximately $218,000. Finally, Barclays PLC grew its stake in Bank of Nova Scotia by 27.5% in the 3rd quarter. Barclays PLC now owns 214,957 shares of the bank’s stock worth $11,712,000 after buying an additional 46,421 shares in the last quarter. 49.13% of the stock is owned by institutional investors.
About Bank of Nova Scotia
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.
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