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NYSE:BNS

Bank of Nova Scotia Stock Forecast, Price & News

$41.58
-0.38 (-0.91 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$41.51
Now: $41.58
$41.92
50-Day Range
$41.12
MA: $42.51
$44.28
52-Week Range
$31.94
Now: $41.58
$58.22
Volume1.12 million shs
Average Volume1.46 million shs
Market Capitalization$50.37 billion
P/E Ratio9.95
Dividend Yield6.34%
Beta0.93
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. 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 related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers. It is also involved in the provision of investment and wealth management advice, services, products, and solutions to customers and advisors; wealth management solutions, such as private customer, online brokerage, full-service brokerage, pension, and institutional customer services, as well as asset management business focusing on developing investment solutions for retail and institutional investors; and international banking services for retail, corporate, and commercial customers. In addition, the company offers corporate lending; trade finance and cash management; investment banking services, including corporate finance, and mergers and acquisitions; fixed income and equity underwriting, sales, trading, and research services; prime brokerage and stock lending services; foreign exchange sales and trading services; commodity derivatives sales and trading; and collateral management services for corporate, government, and institutional investor clients. Further, it provides Internet, mobile, and telephone banking services. The company operates a network of 955 branches and approximately 3,644 automated banking machines in Canada; and approximately 1,800 branches internationally, as well as contact and business support centers. The Bank of Nova Scotia was founded in 1832 and is headquartered in Toronto, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.57 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$35.10 billion
Cash Flow$6.23 per share
Book Value$39.39 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Employees101,813
Outstanding Shares1,211,429,000
Market Cap$50.37 billion
Next Earnings Date11/24/2020 (Estimated)
OptionableOptionable
$41.58
-0.38 (-0.91 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

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 decreased by 2.3% and is now trading at $41.58.
View which stocks have been most impacted by COVID-19
.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last year. There are currently 1 sell rating, 6 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Bank of Nova Scotia
.

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

Bank of Nova Scotia is scheduled to release its next quarterly earnings announcement on Tuesday, November 24th 2020.
View our earnings forecast for Bank of Nova Scotia
.

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

Bank of Nova Scotia (NYSE:BNS) released its quarterly earnings results on Tuesday, August, 25th. The bank reported $1.04 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.11 by $0.07. The bank earned $7.73 billion during the quarter, compared to analysts' expectations of $7.93 billion. Bank of Nova Scotia had a return on equity of 11.11% and a net margin of 15.72%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted $1.88 earnings per share.
View Bank of Nova Scotia's earnings history
.

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

Bank of Nova Scotia declared a quarterly dividend on Wednesday, August 26th. Investors of record on Tuesday, October 6th will be paid a dividend of $0.6814 per share on Wednesday, October 28th. This represents a $2.73 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Monday, October 5th. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $0.66.
View Bank of Nova Scotia's dividend history
.

What price target have analysts set for BNS?

11 brokers have issued 1 year target prices for Bank of Nova Scotia's shares. Their forecasts range from $51.00 to $82.00. On average, they expect Bank of Nova Scotia's stock price to reach $64.78 in the next year. This suggests a possible upside of 55.8% from the stock's current price.
View analysts' price targets for Bank of Nova Scotia
.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 6,810,000 shares, an increase of 25.6% from the July 30th total of 5,420,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the short-interest ratio is presently 5.3 days. Approximately 0.6% of the company's stock are sold short.
View Bank of Nova Scotia's Short Interest
.

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

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

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

Who are Bank of Nova Scotia's key executives?

Bank of Nova Scotia's management team includes the following people:
  • Mr. Brian Johnston Porter B.Com., A.M.P., Pres, CEO & Director (Age 61)
  • Mr. Rajagopal Viswanathan, Exec. VP & CFO
  • Mr. James P. O'Sullivan, Group Head of Canadian Banking
  • Mr. Philip M. Thomas B.A., Exec. VP & Chief Retail Risk Officer
  • Mr. Ignacio Deschamps, Group Head of International Banking & Digital Transformation

What is Bank of Nova Scotia's stock symbol?

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

Who are Bank of Nova Scotia's major shareholders?

Bank of Nova Scotia's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.04%), TD Asset Management Inc. (2.93%), Toronto Dominion Bank (1.98%), Jarislowsky Fraser Ltd (1.33%), FIL Ltd (1.31%) and Great West Life Assurance Co. Can (1.04%).

Which institutional investors are selling Bank of Nova Scotia stock?

BNS stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, FIL Ltd, FMR LLC, Vanguard Group Inc., Goldman Sachs Group Inc., QV Investors Inc., Great West Life Assurance Co. Can, and Letko Brosseau & Associates Inc..

Which institutional investors are buying Bank of Nova Scotia stock?

BNS stock was bought by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Alberta Investment Management Corp, Canada Pension Plan Investment Board, Healthcare of Ontario Pension Plan Trust Fund, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, CIBC Asset Management Inc, Montrusco Bolton Investments Inc., and Value Partners Investments Inc..

How do I buy shares of 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 Bank of Nova Scotia's stock price today?

One share of BNS stock can currently be purchased for approximately $41.58.

How big of a company is Bank of Nova Scotia?

Bank of Nova Scotia has a market capitalization of $50.37 billion and generates $35.10 billion in revenue each year. The bank earns $6.31 billion in net income (profit) each year or $5.37 on an earnings per share basis. Bank of Nova Scotia employs 101,813 workers across the globe.

What is Bank of Nova Scotia's official website?

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

How can I contact Bank of Nova Scotia?

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 9/19/2020 by MarketBeat.com Staff

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