Bank of Nova Scotia - BNS Stock Forecast, Price & News

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 in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. 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, medium, and large businesses, including automotive financing solutions to dealers and their customers. It also provides 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 online, mobile, and telephone banking services. The company operates a network of 954 branches and approximately 3,766 automated banking machines in Canada; and approximately 1,300 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BNS shares. Credit Suisse Group started coverage on Bank of Nova Scotia in a report on Friday, May 20th. They issued a "hold" rating and a C$88.00 price objective on the stock. Barclays decreased their target price on Bank of Nova Scotia from C$86.00 to C$85.00 in a research report on Monday. CIBC upped their target price on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company a "neutral" rating in a research report on Thursday, May 26th. Keefe, Bruyette & Woods decreased their target price on Bank of Nova Scotia from C$97.00 to C$86.00 in a research report on Monday, August 8th. Finally, National Bankshares upped their target price on Bank of Nova Scotia from C$90.00 to C$91.00 and gave the company a "sector perform" rating in a research report on Thursday, May 26th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Bank of Nova Scotia currently has an average rating of "Hold" and a consensus target price of C$89.61.

Bank of Nova Scotia Price Performance

BNS opened at C$81.12 on Tuesday. The business has a 50 day simple moving average of C$77.61 and a 200-day simple moving average of C$84.42. The stock has a market capitalization of C$96.80 billion and a P/E ratio of 9.82. Bank of Nova Scotia has a 12 month low of C$71.21 and a 12 month high of C$95.00.

Bank of Nova Scotia (TSE:BNS - Get Rating) (NYSE:BNS) last posted its quarterly earnings results on Wednesday, May 25th. The bank reported C$2.18 EPS for the quarter, beating the consensus estimate of C$1.96 by C$0.22. The business had revenue of C$7.94 billion during the quarter, compared to analyst estimates of C$7.78 billion. Research analysts anticipate that Bank of Nova Scotia will post 8.7100001 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Tuesday, July 5th were paid a $1.03 dividend. This is an increase from Bank of Nova Scotia's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Monday, July 4th. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 46.00%.