Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at Cormark cut their Q2 2019 EPS estimates for Bank of Nova Scotia in a report released on Wednesday, May 15th. Cormark analyst M. Grauman now anticipates that the bank will post earnings of $1.76 per share for the quarter, down from their prior estimate of $1.85.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings results on Tuesday, February 26th. The bank reported C$1.75 EPS for the quarter, missing analysts’ consensus estimates of C$1.87 by C($0.12). The business had revenue of C$7.60 billion for the quarter, compared to analyst estimates of C$8.21 billion.
TSE:BNS opened at C$71.45 on Friday. The firm has a market capitalization of $87.49 billion and a price-to-earnings ratio of 10.71. Bank of Nova Scotia has a 12 month low of C$66.36 and a 12 month high of C$80.79.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.87%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is 50.08%.
Bank of Nova Scotia Company Profile
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.
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