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NYSE:BNSBank of Nova Scotia Stock Price, Forecast & News

$42.23
+0.81 (+1.96 %)
(As of 06/2/2020 04:00 PM ET)
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Today's Range
$41.94
Now: $42.23
$42.64
50-Day Range
$35.44
MA: $38.29
$42.15
52-Week Range
$31.94
Now: $42.23
$58.22
Volume1.11 million shs
Average Volume1.62 million shs
Market Capitalization$51.18 billion
P/E Ratio9.28
Dividend Yield6.18%
Beta0.95
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: 4.2Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.59 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$6.64 per share
Book Value$41.03 per share

Profitability

Net Income$6.31 billion

Miscellaneous

Employees101,813
Outstanding Shares1,211,866,000
Market Cap$51.18 billion
Next Earnings Date8/25/2020 (Estimated)
OptionableOptionable

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

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

Bank of Nova Scotia's stock was trading at $42.54 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BNS shares have decreased by 0.7% and is now trading at $42.23. View which stocks have been most impacted by Coronavirus.

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 6 hold ratings and 5 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, August 25th 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 data on Tuesday, May, 26th. The bank reported $1.04 EPS for the quarter, beating the consensus estimate of $0.71 by $0.33. The bank had revenue of $7.96 billion for the quarter, compared to analyst estimates of $7.87 billion. Bank of Nova Scotia had a net margin of 16.36% and a return on equity of 12.56%. Bank of Nova Scotia's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 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 Thursday, May 28th. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.6555 per share on Wednesday, July 29th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Monday, July 6th. View Bank of Nova Scotia's dividend history.

What price target have analysts set for BNS?

11 equities research analysts have issued twelve-month price objectives 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 share price to reach $69.91 in the next year. This suggests a possible upside of 65.5% from the stock's current price. View analysts' price targets for Bank of Nova Scotia.

Has Bank of Nova Scotia been receiving favorable news coverage?

Media stories about BNS stock have trended neutral on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bank of Nova Scotia earned a media sentiment score of 0.2 on InfoTrie's scale. They also gave media coverage about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutBank of Nova Scotia.

Are investors shorting Bank of Nova Scotia?

Bank of Nova Scotia saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,340,000 shares, a drop of 38.0% from the April 30th total of 10,230,000 shares. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.5% of the company's shares are sold short. View Bank of Nova Scotia's Current Options Chain.

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), Toronto-Dominion Bank (TD), AT&T (T), Royal Bank of Canada (RY), Emera (EMA), Timbercreek Financial (TF), Pfizer (PFE), AbbVie (ABBV), Verizon Communications (VZ) and Bank of America (BAC).

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 retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (1.60%), Toronto Dominion Bank (1.54%), 1832 Asset Management L.P. (1.42%), The Manufacturers Life Insurance Company (0.92%), Connor Clark & Lunn Investment Management Ltd. (0.53%) and Legal & General Group Plc (0.48%).

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 1832 Asset Management L.P., Wellington Management Group LLP, Toronto Dominion Bank, Fiera Capital Corp, CIBC Asset Management Inc, Morgan Stanley, Alberta Investment Management Corp, and Intact Investment Management 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 Healthcare of Ontario Pension Plan Trust Fund, Capital World Investors, AGF Investments Inc., 1832 Asset Management L.P., The Manufacturers Life Insurance Company , Mackenzie Financial Corp, APG Asset Management N.V., and APG Asset Management N.V..

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 $42.23.

How big of a company is Bank of Nova Scotia?

Bank of Nova Scotia has a market capitalization of $51.18 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 6/3/2020 by MarketBeat.com Staff

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