Bank of Nova Scotia (BNS) Expected to Earn FY2019 Earnings of $7.43 Per Share

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at National Bank Financial issued their FY2019 earnings per share estimates for shares of Bank of Nova Scotia in a research report issued on Wednesday. National Bank Financial analyst G. Dechaine forecasts that the bank will earn $7.43 per share for the year. National Bank Financial currently has a “Outperform” rating and a $88.00 target price on the stock.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). The business had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same quarter in the prior year, the business earned $1.58 EPS.

A number of other research firms have also recently issued reports on BNS. Scotiabank cut their target price on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. CIBC lifted their target price on shares of Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Royal Bank Of Canada lifted their target price on shares of Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Canaccord Genuity lifted their target price on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Citigroup 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, November 17th. Eight research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$88.46.

Shares of Bank of Nova Scotia (BNS) traded down C$0.30 on Monday, reaching C$83.30. 696,631 shares of the company’s stock were exchanged, compared to its average volume of 2,135,422. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50.

In other news, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Also, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00. Insiders have sold a total of 30,364 shares of company stock valued at $2,459,789 in the last ninety days.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio is presently 47.00%.

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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)

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