Bank of Nova Scotia (TSE:BNS) – Analysts at Cormark cut their FY2016 EPS estimates for Bank of Nova Scotia in a note issued to investors on Wednesday. Cormark analyst M. Grauman now anticipates that the firm will earn $6.01 per share for the year, down from their prior estimate of $6.07. Cormark also issued estimates for Bank of Nova Scotia’s Q4 2016 earnings at $1.54 EPS, FY2017 earnings at $6.48 EPS and FY2018 earnings at $7.06 EPS.

Several other analysts have also issued reports on the stock. RBC Capital Markets upped their price target on shares of Bank of Nova Scotia from C$72.00 to C$77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 31st. Desjardins upped their price target on shares of Bank of Nova Scotia from C$71.00 to C$73.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Scotiabank upped their price target on shares of Bank of Nova Scotia from C$70.00 to C$76.00 and gave the company an “outperform” rating in a research report on Wednesday, August 31st. Barclays PLC upped their price target on shares of Bank of Nova Scotia from C$55.00 to C$60.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 17th. Finally, Royal Bank Of Canada upped their price target on shares of Bank of Nova Scotia from C$72.00 to C$77.00 and gave the company an “outperform” rating in a research report on Wednesday, August 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$73.29.

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

Bank of Nova Scotia (TSE:BNS) opened at 71.03 on Friday. Bank of Nova Scotia has a 52-week low of $51.17 and a 52-week high of $72.56. The company has a market capitalization of $85.58 billion and a price-to-earnings ratio of 12.58. The stock has a 50 day moving average price of $70.86 and a 200 day moving average price of $67.13.

In other Bank of Nova Scotia news, Director Brian J. Porter sold 25,176 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of C$70.17, for a total value of C$1,766,599.92.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 27th. Shareholders of record on Tuesday, October 4th were issued a $0.74 dividend. The ex-dividend date of this dividend was Friday, September 30th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a yield of 4.17%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

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