FY2017 Earnings Forecast for Bank of Nova Scotia Issued By Cormark (BNS)

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark decreased their FY2017 earnings per share (EPS) estimates for Bank of Nova Scotia in a note issued to investors on Friday. Cormark analyst M. Grauman now forecasts that the bank will post earnings per share of $6.57 for the year, down from their previous forecast of $6.59. Cormark also issued estimates for Bank of Nova Scotia’s Q4 2017 earnings at $1.68 EPS and FY2019 earnings at $7.46 EPS.

ILLEGAL ACTIVITY WARNING: “FY2017 Earnings Forecast for Bank of Nova Scotia Issued By Cormark (BNS)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/11/21/fy2017-earnings-forecast-for-bank-of-nova-scotia-issued-by-cormark-bns.html.

A number of other equities analysts have also recently weighed in on BNS. CIBC upped their price target on shares of Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Citigroup Inc. boosted their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday. Barclays PLC boosted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th. Canaccord Genuity boosted their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Eight investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of C$87.46.

Bank of Nova Scotia (TSE:BNS) opened at C$84.87 on Monday. Bank of Nova Scotia has a 12 month low of C$72.12 and a 12 month high of C$85.20.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 3rd were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a dividend yield of 3.72%. Bank of Nova Scotia’s payout ratio is currently 46.73%.

In other Bank of Nova Scotia news, insider Deborah Alexander sold 7,114 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total value of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total transaction of C$244,489.08. Over the last 90 days, insiders sold 10,364 shares of company stock worth $807,789.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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.

Leave a Reply