Desjardins Expects Stronger Earnings for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Desjardins raised their FY2025 earnings per share (EPS) estimates for Bank of Nova Scotia in a report issued on Tuesday, February 25th. Desjardins analyst D. Young now expects that the bank will post earnings of $7.20 per share for the year, up from their previous estimate of $7.05. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share.

Several other brokerages have also recently issued reports on BNS. TD Securities cut their price objective on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. BMO Capital Markets upped their price objective on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Jefferies Financial Group cut their price objective on Bank of Nova Scotia from C$81.00 to C$77.00 in a research note on Tuesday, February 18th. UBS Group upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada cut their price objective on Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$79.09.

Bank of Nova Scotia Stock Up 0.1 %

Shares of TSE BNS opened at C$71.82 on Friday. The stock’s 50 day moving average price is C$74.15 and its two-hundred day moving average price is C$73.00. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The stock has a market capitalization of C$88.01 billion, a P/E ratio of 11.35, a PEG ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were issued a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 67.00%.

Bank of Nova Scotia Company Profile

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.