Cormark Brokers Reduce Earnings Estimates for Bank of Nova Scotia (BNS)

Share on StockTwits

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.

A number of other equities research analysts have also recently commented on the stock. CSFB set a C$78.00 price target on shares of Bank of Nova Scotia and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity dropped their price objective on shares of Bank of Nova Scotia from C$76.00 to C$74.00 in a research note on Wednesday. CIBC lowered shares of Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$86.00 to C$81.00 in a research note on Wednesday, February 27th. Desjardins dropped their price objective on shares of Bank of Nova Scotia from C$83.00 to C$81.00 in a research note on Wednesday, February 27th. Finally, National Bank Financial dropped their price objective on shares of Bank of Nova Scotia from C$80.00 to C$78.00 in a research note on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Bank of Nova Scotia currently has a consensus rating of “Buy” and an average price target of C$83.08.

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.

Featured Story: Short Selling Stocks and Day Traders

Earnings History and Estimates for Bank of Nova Scotia (TSE:BNS)

Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Aptinyx  Lowered to Hold at Zacks Investment Research
Aptinyx Lowered to Hold at Zacks Investment Research
Cetera Investment Advisers Acquires 1,123 Shares of NextEra Energy Inc
Cetera Investment Advisers Acquires 1,123 Shares of NextEra Energy Inc
KBR  Downgraded by Zacks Investment Research to “Hold”
KBR Downgraded by Zacks Investment Research to “Hold”
ARK Web x.0 ETF  Shares Sold by Cetera Advisor Networks LLC
ARK Web x.0 ETF Shares Sold by Cetera Advisor Networks LLC
Cetera Advisors LLC Invests $315,000 in iShares Global Consumer Staples ETF
Cetera Advisors LLC Invests $315,000 in iShares Global Consumer Staples ETF
Cetera Advisor Networks LLC Boosts Stake in Canadian National Railway
Cetera Advisor Networks LLC Boosts Stake in Canadian National Railway


© 2006-2019 Ticker Report