Cormark Reduces Earnings Estimates for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Equities researchers at Cormark lowered their FY2026 EPS estimates for Bank of Nova Scotia in a research note issued on Tuesday, May 20th. Cormark analyst L. Persaud now forecasts that the bank will post earnings of $7.77 per share for the year, down from their prior estimate of $7.96. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $7.13 per share.

Other equities analysts have also issued research reports about the stock. Bank of America lowered shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating and cut their price target for the stock from C$82.00 to C$70.00 in a report on Monday, March 31st. Royal Bank of Canada cut their price target on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. Cibc World Mkts lowered shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. CIBC lifted their target price on shares of Bank of Nova Scotia from C$75.00 to C$77.00 in a research note on Thursday, May 22nd. Finally, National Bankshares set a C$71.00 target price on shares of Bank of Nova Scotia and gave the stock a "sector perform" rating in a research note on Thursday, May 22nd. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$76.64.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS traded up C$1.06 during mid-day trading on Thursday, reaching C$72.80. 3,280,917 shares of the company's stock were exchanged, compared to its average volume of 4,809,854. The firm has a market capitalization of C$89.21 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.33 and a beta of 0.97. The business's fifty day moving average price is C$68.23 and its 200-day moving average price is C$72.41. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14.

Bank of Nova Scotia Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, April 28th were paid a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 5.82%. The ex-dividend date was Tuesday, April 1st. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 67.00%.

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.