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TSE:BNS

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

C$81.62
+0.50 (+0.62%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
C$80.75
C$81.87
50-Day Range
C$71.71
C$85.26
52-Week Range
C$71.21
C$95.00
Volume
2.10 million shs
Average Volume
4.28 million shs
Market Capitalization
C$97.40 billion
P/E Ratio
9.88
Dividend Yield
5.08%
Price Target
C$89.65
BNS stock logo

About Bank of Nova Scotia (TSE:BNS) Stock

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%.

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BNS Stock News Headlines

The Financial Day of Reckoning Has Begun
You always knew a day of reckoning would come. No civilization can go on piling up trillion-dollar debts forever. No government that printed endless amounts of paper money has ever survived for long. Now, we have compelling evidence that these inescapable realities can be ignored no more. In this history-making one-hour video, cycles expert Sean Brodrick and Martin Weiss give you that evidence — so you can judge for yourself.
The Financial Day of Reckoning Has Begun
You always knew a day of reckoning would come. No civilization can go on piling up trillion-dollar debts forever. No government that printed endless amounts of paper money has ever survived for long. Now, we have compelling evidence that these inescapable realities can be ignored no more. In this history-making one-hour video, cycles expert Sean Brodrick and Martin Weiss give you that evidence — so you can judge for yourself.
Scotiabank reports second quarter results
See More Headlines
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BNS Company Calendar

Last Earnings
5/25/2022
Ex-Dividend for 7/27 Dividend
7/04/2022
Dividend Payable
7/27/2022
Today
8/16/2022
Next Earnings (Confirmed)
8/23/2022

Industry, Sector and Symbol

Industry
Money Center Banks
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
89,782
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$89.65
High Stock Price Forecast
C$97.00
Low Stock Price Forecast
C$84.50
Forecasted Upside/Downside
+9.8%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$30.45 billion
Cash Flow
C$353.64 per share
Book Value
C$58.51 per share

Miscellaneous

Outstanding Shares
1,193,295,000
Free Float
N/A
Market Cap
C$97.40 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Brian Johnston Porter A.M.P. (Age 64)
    B.Com., Pres, CEO & Director
    Comp: $3.82M
  • Mr. Rajagopal Viswanathan
    Group Head & CFO
  • Mr. Ignacio Deschamps
    Group Head of International Banking & Digital Transformation
  • Mr. Daniel Llewellyn Rees
    Group Head of Canadian Banking
  • Mr. Jake Lawrence
    CEO and Group Head of Global Banking & Markets
  • Dr. Michael Zerbs Ph.D.
    Group Head of Technology & Operations
  • Mr. James A. Neate
    Pres and Group Head of Corp. & Investment Banking
  • Mr. Philip Stephen Watson Smith
    Sr. VP of Investor Relations
  • Mr. Ian Arellano
    Exec. VP & Gen. Counsel
  • Ms. Nicole Frew
    Exec. VP & Chief Compliance Officer













BNS Stock - Frequently Asked Questions

Should I buy or sell Bank of Nova Scotia stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of Nova Scotia in the last twelve months. There are currently 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BNS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BNS, but not buy additional shares or sell existing shares.
View BNS analyst ratings
or view top-rated stocks.

What is Bank of Nova Scotia's stock price forecast for 2022?

11 Wall Street analysts have issued 1 year target prices for Bank of Nova Scotia's shares. Their BNS share price forecasts range from C$84.50 to C$97.00. On average, they anticipate the company's share price to reach C$89.65 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
View analysts price targets for BNS
or view top-rated stocks among Wall Street analysts.

How have BNS shares performed in 2022?

Bank of Nova Scotia's stock was trading at C$89.55 at the start of the year. Since then, BNS stock has decreased by 8.9% and is now trading at C$81.62.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our BNS earnings forecast
.

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

The Bank of Nova Scotia (TSE:BNS) released its quarterly earnings data on Wednesday, May, 25th. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.22. The bank earned $7.94 billion during the quarter, compared to analyst estimates of $7.78 billion.

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, May 25th. Shareholders of record on Tuesday, July 5th will be paid a dividend of 1.03 per share on Wednesday, July 27th. This represents a $4.12 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Monday, July 4th. This is an increase from the stock's previous quarterly dividend of C$1.00.
Read our dividend analysis for BNS
.

Is Bank of Nova Scotia a good dividend stock?

Bank of Nova Scotia (TSE:BNS) pays an annual dividend of C$3.80 per share and currently has a dividend yield of 5.08%. BNS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for BNS.

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 Toronto-Dominion Bank (TD), Freehold Royalties (FRU), Enbridge (ENB), Royal Bank of Canada (RY), Intact Financial (IFC), Constellation Software (CSU), Canadian Imperial Bank of Commerce (CM), Emera (EMA), Pembina Pipeline (PPL) and BCE (BCE).

What is Bank of Nova Scotia's stock symbol?

Bank of Nova Scotia trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BNS."

How do I buy shares of Bank of Nova Scotia?

Shares of BNS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

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

One share of BNS stock can currently be purchased for approximately C$81.62.

How much money does Bank of Nova Scotia make?

Bank of Nova Scotia (TSE:BNS) has a market capitalization of C$97.40 billion and generates C$30.45 billion in revenue each year.

How many employees does Bank of Nova Scotia have?

The company employs 89,782 workers across the globe.

How can I contact Bank of Nova Scotia?

Bank of Nova Scotia's mailing address is 44 King St W, TORONTO, ON M5H 1H1, Canada. The official website for the company is www.scotiabank.com. The bank can be reached via phone at +1-416-8666161.

This page (TSE:BNS) was last updated on 8/16/2022 by MarketBeat.com Staff

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