Cormark Expects Reduced Earnings for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Investment analysts at Cormark decreased their FY2026 earnings per share (EPS) estimates for Bank of Nova Scotia in a research report issued on Tuesday, May 27th. Cormark analyst L. Persaud now anticipates that the bank will post earnings per share of $7.67 for the year, down from their prior forecast of $7.77. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $7.13 per share.

BNS has been the topic of a number of other reports. Jefferies Financial Group raised their price objective on Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a "hold" rating in a report on Wednesday. Bank of America downgraded Bank of Nova Scotia from a "buy" rating to a "neutral" rating and cut their price objective for the stock from C$82.00 to C$70.00 in a report on Monday, March 31st. National Bankshares raised their price objective on Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a "sector perform" rating in a report on Wednesday. UBS Group cut their price objective on Bank of Nova Scotia from C$85.00 to C$78.00 in a report on Thursday, May 22nd. Finally, Cibc World Mkts downgraded Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of "Hold" and a consensus price target of C$77.00.

Bank of Nova Scotia Trading Up 0.3%

Shares of Bank of Nova Scotia stock traded up C$0.24 during trading hours on Thursday, reaching C$73.78. The stock had a trading volume of 7,430,335 shares, compared to its average volume of 4,810,947. The firm has a 50 day simple moving average of C$68.55 and a two-hundred day simple moving average of C$72.39. The firm has a market capitalization of C$90.41 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14.

Bank of Nova Scotia Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, April 28th were paid a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a yield of 5.75%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 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.