BNS FY2025 EPS Estimate Boosted by National Bank Financial

Key Points

• National Bank Financial has raised its FY2025 earnings per share estimate for Bank of Nova Scotia to $5.05, up from $4.97, reflecting positive expectations for the bank's performance.
• Bank of Nova Scotia recently reported earnings of $1.37 per share for the quarter, surpassing analyst expectations by $0.09, along with a quarterly revenue of $6.85 billion.
• The bank announced an increase in its quarterly dividend from $0.80 to $1.10 per share, reflecting a yield of 7.1%, with the next payment scheduled for October 29th.

Bank of Nova Scotia (The) (NYSE:BNS - Free Report) TSE: BNS - National Bank Financial increased their FY2025 earnings per share estimates for Bank of Nova Scotia in a research note issued on Tuesday, August 26th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $5.05 per share for the year, up from their prior estimate of $4.97. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share. National Bank Financial also issued estimates for Bank of Nova Scotia's Q4 2025 earnings at $1.32 EPS and FY2026 earnings at $5.77 EPS.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last issued its earnings results on Tuesday, August 26th. The bank reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. Bank of Nova Scotia had a return on equity of 11.71% and a net margin of 9.74%.The firm had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. The business's quarterly revenue was up 13.4% compared to the same quarter last year.

A number of other equities analysts have also commented on BNS. Royal Bank Of Canada lifted their price objective on Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Wall Street Zen lowered Bank of Nova Scotia from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $86.00.

Bank of Nova Scotia Price Performance

Shares of NYSE:BNS opened at $61.74 on Thursday. Bank of Nova Scotia has a fifty-two week low of $44.09 and a fifty-two week high of $62.34. The business has a 50-day moving average of $55.87 and a two-hundred day moving average of $51.93. The stock has a market capitalization of $76.70 billion, a P/E ratio of 16.60, a P/E/G ratio of 1.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Tuesday, October 7th will be issued a dividend of $1.10 per share. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $0.80. The ex-dividend date is Tuesday, October 7th. This represents a $4.40 dividend on an annualized basis and a yield of 7.1%. Bank of Nova Scotia's dividend payout ratio is currently 94.72%.

Hedge Funds Weigh In On Bank of Nova Scotia

Several hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in Bank of Nova Scotia by 22.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 7,621 shares of the bank's stock worth $409,000 after acquiring an additional 1,413 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bank of Nova Scotia during the fourth quarter worth $1,716,000. Tower Research Capital LLC TRC grew its stake in shares of Bank of Nova Scotia by 4.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,399 shares of the bank's stock worth $290,000 after purchasing an additional 248 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Bank of Nova Scotia by 0.6% in the fourth quarter. Stifel Financial Corp now owns 64,427 shares of the bank's stock worth $3,461,000 after purchasing an additional 373 shares during the last quarter. Finally, MGO One Seven LLC acquired a new position in Bank of Nova Scotia in the fourth quarter valued at $254,000. Institutional investors own 49.13% of the company's stock.

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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