Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Research analysts at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued to investors on Tuesday. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $6.57 per share for the year, up from their prior forecast of $6.53. National Bank Financial has a “Outperform” rating and a $86.00 price target on the stock. National Bank Financial also issued estimates for Bank of Nova Scotia’s Q4 2017 earnings at $1.68 EPS, Q2 2018 earnings at $1.67 EPS and FY2018 earnings at $6.90 EPS.

A number of other brokerages also recently weighed in on BNS. Barclays PLC raised Bank of Nova Scotia from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 23rd. BMO Capital Markets lifted their price target on 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. Scotiabank lifted their price objective on Bank of Nova Scotia from C$86.00 to C$89.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Royal Bank Of Canada lifted their price objective on Bank of Nova Scotia from C$86.00 to C$87.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. Finally, CIBC lifted their price objective on Bank of Nova Scotia from C$85.00 to C$87.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$85.08.

WARNING: “FY2017 Earnings Forecast for Bank of Nova Scotia (BNS) Issued By National Bank Financial” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/02/fy2017-earnings-forecast-for-bank-of-nova-scotia-bns-issued-by-national-bank-financial.html.

Bank of Nova Scotia (BNS) opened at 77.69 on Thursday. The firm has a market cap of $93.37 billion and a P/E ratio of 12.12. Bank of Nova Scotia has a 1-year low of $68.27 and a 1-year high of $82.30. The stock’s 50 day moving average is $77.68 and its 200-day moving average is $77.81.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings data on Tuesday, May 30th. The bank reported $1.63 EPS for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.07. Bank of Nova Scotia had a net margin of 31.32% and a return on equity of 14.58%. The company had revenue of $6.58 billion during the quarter, compared to the consensus estimate of $6.61 billion.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd will be paid a $0.79 dividend. 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 yield of 4.07%.

In other news, Director Brian J. Porter bought 1,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of C$77.74 per share, for a total transaction of C$77,740.00.

About Bank of Nova Scotia

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 & Stock 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 stocks with our FREE daily email newsletter.