Brokers Issue Forecasts for BNS Q2 Earnings

The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - Stock analysts at Cormark issued their Q2 2025 earnings per share estimates for Bank of Nova Scotia in a research report issued to clients and investors on Tuesday, May 20th. Cormark analyst L. Persaud anticipates that the bank will post earnings per share of $1.15 for the quarter. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share. Cormark also issued estimates for Bank of Nova Scotia's FY2025 earnings at $5.00 EPS and FY2026 earnings at $5.59 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 EPS for the quarter, missing analysts' consensus estimates of $1.14 by ($0.08). Bank of Nova Scotia had a net margin of 10.20% and a return on equity of 11.56%. The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $8.98 billion. During the same period in the previous year, the business posted $1.58 EPS. The firm's revenue was up 8.8% on a year-over-year basis.

Several other brokerages have also issued reports on BNS. Royal Bank of Canada dropped their target price on Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Bank of America lowered 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 report on Tuesday, February 18th. Finally, Cibc World Mkts downgraded shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of "Hold" and an average target price of $81.00.

Bank of Nova Scotia Trading Down 1.2%

Shares of BNS stock traded down $0.63 during trading hours on Friday, reaching $52.10. 716,476 shares of the stock were exchanged, compared to its average volume of 1,706,681. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Bank of Nova Scotia has a 12-month low of $43.68 and a 12-month high of $57.07. The firm has a market capitalization of $64.89 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.16 and a beta of 1.11. The company's 50-day moving average price is $48.82 and its 200-day moving average price is $51.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BNS. Murphy & Mullick Capital Management Corp purchased a new position in Bank of Nova Scotia in the fourth quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Bank of Nova Scotia in the 4th quarter worth $31,000. Allworth Financial LP raised its position in shares of Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank's stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Bank of Nova Scotia in the first quarter worth $52,000. Finally, Independence Bank of Kentucky raised its holdings in shares of Bank of Nova Scotia by 38.4% in the first quarter. Independence Bank of Kentucky now owns 1,175 shares of the bank's stock worth $56,000 after buying an additional 326 shares during the last quarter. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

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.