News stories about Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.4846962229162 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Bank of Nova Scotia (The) (BNS) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
- MOVES- Mazquarie, HSBC, Scotiabank (MQG, HSBA, BNS) – Markets Insider (markets.businessinsider.com)
- Bank of Nova Scotia : BNS-US: Dividend Analysis : July 04th, 2017 (record date) : By the numbers : August 17, 2017 (finance.yahoo.com)
- Discovery Communications, Inc. (DISCA) Shares Sold by Bank of Nova Scotia (techkenyot.com)
- Bank of Nova Scotia breached its 50 day moving average in a Bullish Manner : BNS-US : August 15, 2017 (finance.yahoo.com)
Shares of Bank of Nova Scotia (BNS) traded up 0.31% during mid-day trading on Friday, reaching $61.23. 524,869 shares of the company’s stock traded hands. Bank of Nova Scotia has a 1-year low of $51.07 and a 1-year high of $63.07. The firm has a 50-day moving average price of $61.51 and a 200-day moving average price of $59.09. The company has a market capitalization of $73.59 billion, a P/E ratio of 12.36 and a beta of 1.26.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Tuesday, May 30th. The bank reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.08. Bank of Nova Scotia (The) had a return on equity of 14.45% and a net margin of 22.17%. The business had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period last year, the business earned $1.46 EPS. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts forecast that Bank of Nova Scotia will post $5.10 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Tuesday, July 4th were paid a $0.5635 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Thursday, June 29th. Bank of Nova Scotia (The)’s payout ratio is 46.97%.
Bank of Nova Scotia (The) declared that its Board of Directors has approved a stock buyback program on Tuesday, May 30th that allows the company to repurchase 24,000,000 outstanding shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several research analysts have recently weighed in on BNS shares. Zacks Investment Research lowered shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. National Bank Financial reiterated an “outperform overweight” rating on shares of Bank of Nova Scotia (The) in a report on Thursday, May 18th. Barclays PLC raised shares of Bank of Nova Scotia (The) from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 23rd. Canaccord Genuity initiated coverage on shares of Bank of Nova Scotia (The) in a research report on Tuesday, July 18th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada increased their target price on shares of Bank of Nova Scotia (The) from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $74.67.
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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