Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark dropped their FY2018 earnings per share estimates for Bank of Nova Scotia in a research note issued on Wednesday. Cormark analyst M. Grauman now expects that the bank will post earnings of $6.86 per share for the year, down from their prior estimate of $6.99. Cormark also issued estimates for Bank of Nova Scotia’s Q1 2019 earnings at $1.77 EPS, Q2 2019 earnings at $1.79 EPS, Q3 2019 earnings at $1.89 EPS, Q4 2019 earnings at $1.90 EPS and FY2019 earnings at $7.36 EPS.

Other research analysts have also recently issued research reports about the company. Scotiabank reduced their target price on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Barclays raised their price objective on Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th. CIBC raised their price objective on Bank of Nova Scotia from C$87.00 to C$93.00 in a research report on Monday, November 13th. Royal Bank Of Canada raised their price objective on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, National Bank Financial lifted their target price on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a buy rating, Bank of Nova Scotia presently has an average rating of “Buy” and an average price target of C$88.38.

Bank of Nova Scotia (BNS) traded down C$0.19 during mid-day trading on Thursday, hitting C$81.51. The stock had a trading volume of 2,973,208 shares, compared to its average volume of 2,141,604. Bank of Nova Scotia has a 1-year low of C$73.25 and a 1-year high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its 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 company had revenue of C$6.81 billion for the quarter, compared to analyst estimates of C$7.05 billion. Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. During the same quarter last year, the company posted $1.58 EPS.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.79 per share. The ex-dividend date is Friday, December 29th. This represents a $3.16 annualized dividend and a yield of 3.88%. Bank of Nova Scotia’s payout ratio is 46.73%.

In other news, insider Deborah Alexander sold 7,114 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total transaction of C$546,070.64. Also, 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 transaction of C$244,489.08. In the last three months, insiders have sold 10,364 shares of company stock worth $807,789.

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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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