The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - Desjardins cut their Q3 2025 earnings per share (EPS) estimates for Bank of Nova Scotia in a report issued on Tuesday, May 27th. Desjardins analyst D. Young now forecasts that the bank will post earnings of $1.27 per share for the quarter, down from their prior estimate of $1.34. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share. Desjardins also issued estimates for Bank of Nova Scotia's Q4 2025 earnings at $1.31 EPS, FY2025 earnings at $4.96 EPS and FY2026 earnings at $5.62 EPS.
Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last announced its quarterly earnings results on Tuesday, May 27th. The bank reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.08). The firm had revenue of $6.59 billion during the quarter, compared to analyst estimates of $8.98 billion. Bank of Nova Scotia had a net margin of 10.20% and a return on equity of 11.56%. Bank of Nova Scotia's quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS.
A number of other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Bank of Nova Scotia from a "sell" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada dropped their price objective on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Bank of America cut shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research note on Monday, March 31st. CIBC reiterated a "neutral" rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Finally, Cibc World Mkts cut shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $81.00.
Read Our Latest Research Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Up 0.6%
Shares of NYSE:BNS traded up $0.33 during midday trading on Friday, hitting $53.59. The stock had a trading volume of 2,438,449 shares, compared to its average volume of 1,701,044. Bank of Nova Scotia has a 12 month low of $43.68 and a 12 month high of $57.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The business's 50-day simple moving average is $49.10 and its 200-day simple moving average is $51.09. The company has a market cap of $66.75 billion, a P/E ratio of 12.41, a PEG ratio of 1.16 and a beta of 1.11.
Institutional Trading of Bank of Nova Scotia
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its holdings in Bank of Nova Scotia by 49.0% during the 1st quarter. Intech Investment Management LLC now owns 158,750 shares of the bank's stock worth $7,526,000 after purchasing an additional 52,193 shares in the last quarter. Bayforest Capital Ltd increased its holdings in Bank of Nova Scotia by 2,005.4% during the 1st quarter. Bayforest Capital Ltd now owns 14,296 shares of the bank's stock worth $678,000 after purchasing an additional 13,617 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Bank of Nova Scotia by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,557,511 shares of the bank's stock valued at $73,873,000 after acquiring an additional 21,426 shares in the last quarter. Ascent Group LLC bought a new position in shares of Bank of Nova Scotia in the first quarter valued at approximately $236,000. Finally, United Services Automobile Association grew its holdings in shares of Bank of Nova Scotia by 4.8% in the first quarter. United Services Automobile Association now owns 41,683 shares of the bank's stock valued at $1,992,000 after acquiring an additional 1,894 shares in the last quarter. 49.13% of the stock is owned by institutional investors.
Bank of Nova Scotia Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 2nd will be issued a dividend of $0.7996 per share. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $0.74. This represents a $3.20 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Wednesday, July 2nd. Bank of Nova Scotia's payout ratio is currently 89.44%.
About Bank of Nova Scotia
(
Get Free Report)
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.
See Also
Before you consider Bank of Nova Scotia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.
While Bank of Nova Scotia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
