Cormark Lowers Earnings Estimates for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark reduced their FY2025 EPS estimates for Bank of Nova Scotia in a research note issued on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the bank will earn $6.93 per share for the year, down from their prior forecast of $6.96. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $7.96 EPS.

Several other analysts have also recently issued reports on BNS. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. BMO Capital Markets increased their price target on Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. CIBC downgraded Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$84.00 to C$81.00 in a research report on Tuesday, February 18th. National Bankshares upped their target price on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Finally, TD Securities decreased their price target on shares of Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$78.17.

Bank of Nova Scotia Stock Down 0.9 %

Shares of BNS stock opened at C$71.72 on Thursday. The firm has a 50 day moving average of C$74.25 and a two-hundred day moving average of C$72.93. The stock has a market capitalization of C$87.89 billion, a PE ratio of 11.33, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 52 week low of C$60.68 and a 52 week high of C$80.14.

Bank of Nova Scotia Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 67.00%.

About Bank of Nova Scotia

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 Wealth Management, and Global Banking and Markets segments.