FY2019 EPS Estimates for Bank of Nova Scotia Raised by Desjardins (BNS)
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Analysts at Desjardins increased their FY2019 earnings per share estimates for Bank of Nova Scotia in a research report issued to clients and investors on Tuesday. Desjardins analyst D. Young now expects that the bank will post earnings per share of $7.40 for the year, up from their previous estimate of $7.34.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. The firm had revenue of C$6.81 billion during the quarter, compared to analyst estimates of C$7.05 billion. During the same period in the prior year, the company earned $1.58 EPS.
Shares of Bank of Nova Scotia (TSE BNS) opened at C$83.60 on Friday. Bank of Nova Scotia has a 52-week low of C$73.31 and a 52-week high of C$85.50.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s payout ratio is 47.00%.
In other news, insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total transaction of C$244,489.08. Also, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00. Insiders have sold a total of 30,364 shares of company stock worth $2,459,789 over the last quarter.
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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.
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