News articles about Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bank of Nova Scotia (The) earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.4846962229162 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Bank of Nova Scotia (The) (NYSE:BNS) Receives Consensus Rating of “Buy” from Analysts (americanbankingnews.com)
- IHS Markit Score upgrades Bank of Nova Scotia to 72 out of 100, ranking positively in three out of four IHS Markit categories. (finance.yahoo.com)
- Bank of Nova Scotia (The) (BNS) Earns Coverage Optimism Score of 0.24 – Newburgh Gazette (newburghgazette.com)
- EPS for Bank of Nova Scotia (BNS) Expected At $1.65; Gsv Capital (GSVC) SI Decreased By 8.74% (whatsonthorold.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Bank of Nova Scotia is a positive for its shares (finance.yahoo.com)
Bank of Nova Scotia (NYSE:BNS) opened at 60.40 on Friday. Bank of Nova Scotia has a one year low of $51.07 and a one year high of $63.07. The firm has a market capitalization of $72.59 billion, a price-to-earnings ratio of 12.05 and a beta of 1.26. The stock’s 50 day moving average price is $61.39 and its 200-day moving average price is $59.04.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its quarterly earnings results on Tuesday, May 30th. The bank reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.08. The business had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.73 billion. Bank of Nova Scotia (The) had a return on equity of 14.45% and a net margin of 22.17%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.46 EPS. On average, equities research analysts expect that Bank of Nova Scotia will post $5.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Tuesday, July 4th were issued a $0.5635 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.25 annualized dividend and a yield of 3.73%. Bank of Nova Scotia (The)’s dividend payout ratio is presently 46.97%.
Bank of Nova Scotia (The) declared that its Board of Directors has authorized a stock buyback plan on Tuesday, May 30th that authorizes the company to repurchase 24,000,000 shares. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America Corporation lifted their price target on Bank of Nova Scotia (The) from $81.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Canaccord Genuity assumed coverage on Bank of Nova Scotia (The) in a report on Tuesday, July 18th. They set a “buy” rating for the company. Zacks Investment Research upgraded Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada boosted their target price on Bank of Nova Scotia (The) from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $74.67.
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Bank of Nova Scotia (The) 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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