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NYSE:BNS

The Bank of Nova Scotia Stock Forecast, Price & News

$52.25
+0.57 (+1.10 %)
(As of 12/4/2020 11:33 AM ET)
Add
Compare
Today's Range
$51.70
Now: $52.25
$52.25
50-Day Range
$40.78
MA: $45.34
$51.21
52-Week Range
$31.94
Now: $52.25
$57.09
Volume47,890 shs
Average Volume1.42 million shs
Market Capitalization$63.30 billion
P/E Ratio13.26
Dividend Yield5.27%
Beta0.98
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 Banking and Markets, and Global Wealth Management segments. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small businesses and commercial customers, including automotive financing solutions to dealers and their customers. It is also involved in the provision of wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 950 branches and approximately 3,650 automated banking machines in Canada; and approximately 1,900 branches and 5,500 ATMs internationally, as well as contact centers. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.
The Bank of Nova Scotia logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.79 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
CUSIPN/A
CIK9631
Phone416-866-3672
Employees101,813

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$35.10 billion
Cash Flow$6.74 per share
Book Value$41.03 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Outstanding Shares1,211,460,000
Market Cap$63.30 billion
Next Earnings Date2/23/2021 (Estimated)
OptionableOptionable
$52.25
+0.57 (+1.10 %)
(As of 12/4/2020 11:33 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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The Bank of Nova Scotia (NYSE:BNS) Frequently Asked Questions

How has The Bank of Nova Scotia's stock price been impacted by Coronavirus (COVID-19)?

The Bank of Nova Scotia's stock was trading at $42.54 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BNS stock has increased by 21.5% and is now trading at $51.68.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of The Bank of Nova Scotia?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Bank of Nova Scotia in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The Bank of Nova Scotia
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than The Bank of Nova Scotia?

Wall Street analysts have given The Bank of Nova Scotia a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The Bank of Nova Scotia wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is The Bank of Nova Scotia's next earnings date?

The Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for The Bank of Nova Scotia
.

How were The Bank of Nova Scotia's earnings last quarter?

The Bank of Nova Scotia (NYSE:BNS) announced its quarterly earnings results on Monday, November, 30th. The bank reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.53. The bank earned $7.51 billion during the quarter, compared to the consensus estimate of $7.61 billion. The Bank of Nova Scotia had a return on equity of 11.11% and a net margin of 15.72%. The business's revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS.
View The Bank of Nova Scotia's earnings history
.

How often does The Bank of Nova Scotia pay dividends? What is the dividend yield for The Bank of Nova Scotia?

The Bank of Nova Scotia announced a quarterly dividend on Tuesday, December 1st. Investors of record on Tuesday, January 5th will be given a dividend of $0.676 per share on Wednesday, January 27th. This represents a $2.70 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Monday, January 4th.
View The Bank of Nova Scotia's dividend history
.

What price target have analysts set for BNS?

10 brokerages have issued 12-month price targets for The Bank of Nova Scotia's shares. Their forecasts range from $51.00 to $80.00. On average, they anticipate The Bank of Nova Scotia's share price to reach $65.95 in the next year. This suggests a possible upside of 27.6% from the stock's current price.
View analysts' price targets for The Bank of Nova Scotia
.

Are investors shorting The Bank of Nova Scotia?

The Bank of Nova Scotia saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 7,860,000 shares, a decrease of 14.5% from the October 31st total of 9,190,000 shares. Based on an average daily volume of 1,270,000 shares, the short-interest ratio is currently 6.2 days. Approximately 0.7% of the shares of the company are sold short.
View The Bank of Nova Scotia's Short Interest
.

Who are some of The Bank of Nova Scotia's key competitors?

What other stocks do shareholders of The Bank of Nova Scotia own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Bank of Nova Scotia investors own include AT&T (T), Freehold Royalties Ltd. (FRU.TO) (FRU), The Toronto-Dominion Bank (TD), Pfizer (PFE), Royal Bank of Canada (RY), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM) and Intel (INTC).

Who are The Bank of Nova Scotia's key executives?

The Bank of Nova Scotia's management team includes the following people:
  • Mr. Brian Johnston Porter B.Com., A.M.P., Pres, CEO & Director (Age 62)
  • Mr. Rajagopal Viswanathan, Group Head & CFO
  • Mr. James P. O'Sullivan, Strategic Advisor to the CEO
  • Mr. Ignacio Deschamps, Group Head of International Banking & Digital Transformation
  • Mr. Daniel Llewellyn Rees, Group Head of Canadian Banking
  • Mr. Adrián Otero Rosiles, Exec. VP & Country Head of Scotiabank Mexico
  • Ms. Tracy Bryan, Exec. VP of Global Operations
  • Mr. James A. Neate, Co-Group Head of Global Banking & Mkts and Head of Global Corp & Investment Banking
  • Dr. Michael Zerbs, Group Head of Technology & Operations
  • Mr. Philip Stephen Watson Smith, Sr. VP of Investor Relations

What is The Bank of Nova Scotia's stock symbol?

The Bank of Nova Scotia trades on the New York Stock Exchange (NYSE) under the ticker symbol "BNS."

Who are The Bank of Nova Scotia's major shareholders?

The Bank of Nova Scotia's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (2.22%), Toronto Dominion Bank (2.09%), Jarislowsky Fraser Ltd (1.35%), Great West Life Assurance Co. Can (0.85%), Great West Life Assurance Co. Can (0.85%) and The Manufacturers Life Insurance Company (0.70%).

Which institutional investors are selling The Bank of Nova Scotia stock?

BNS stock was sold by a variety of institutional investors in the last quarter, including TD Asset Management Inc., Great West Life Assurance Co. Can, Great West Life Assurance Co. Can, Alberta Investment Management Corp, The Manufacturers Life Insurance Company, Guardian Capital LP, Connor Clark & Lunn Investment Management Ltd., and Cidel Asset Management Inc..

Which institutional investors are buying The Bank of Nova Scotia stock?

BNS stock was purchased by a variety of institutional investors in the last quarter, including Schonfeld Strategic Advisors LLC, Toronto Dominion Bank, Bank of Nova Scotia Trust Co., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Jarislowsky Fraser Ltd, First Trust Advisors LP, Cardinal Capital Management Inc., and CIBC Asset Management Inc.

How do I buy shares of The Bank of Nova Scotia?

Shares of BNS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is The Bank of Nova Scotia's stock price today?

One share of BNS stock can currently be purchased for approximately $51.68.

How big of a company is The Bank of Nova Scotia?

The Bank of Nova Scotia has a market capitalization of $62.61 billion and generates $35.10 billion in revenue each year. The bank earns $6.31 billion in net income (profit) each year or $3.99 on an earnings per share basis. The Bank of Nova Scotia employs 101,813 workers across the globe.

What is The Bank of Nova Scotia's official website?

The official website for The Bank of Nova Scotia is www.scotiabank.com.

How can I contact The Bank of Nova Scotia?

The Bank of Nova Scotia's mailing address is 44 KING STREET WEST SCOTIA PLAZA 8TH FL., TORONTO A6, M5H 1H1. The bank can be reached via phone at 416-866-3672 or via email at [email protected]

This page was last updated on 12/4/2020 by MarketBeat.com Staff

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