Cormark Reduces Earnings Estimates for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS - Stock analysts at Cormark reduced their FY2026 earnings estimates for Bank of Nova Scotia in a research note issued to investors on Tuesday, May 20th. Cormark analyst L. Persaud now expects that the bank will earn $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.

Several other research analysts also recently commented on the stock. CIBC cut their price target on shares of Bank of Nova Scotia from C$81.00 to C$75.00 in a report on Wednesday, March 5th. UBS Group dropped their price target on Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Tuesday, May 13th. Jefferies Financial Group cut their price target on shares of Bank of Nova Scotia from C$76.00 to C$70.00 in a research note on Monday, April 21st. TD Securities set a C$81.00 price objective on shares of Bank of Nova Scotia and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada cut their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$76.45.

Bank of Nova Scotia Trading Down 0.5%

Shares of TSE:BNS opened at C$71.49 on Thursday. The company has a 50 day moving average of C$68.09 and a 200 day moving average of C$72.46. The stock has a market cap of C$87.61 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 12 month low of C$60.68 and a 12 month high of C$80.14.

Bank of Nova Scotia Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, April 28th were paid a dividend of $1.06 per share. The ex-dividend date was Tuesday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.93%. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 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.

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