Q3 2018 EPS Estimates for Bank of Nova Scotia (BNS) Lifted by Analyst

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Cormark raised their Q3 2018 earnings per share estimates for Bank of Nova Scotia in a research report issued on Tuesday. Cormark analyst M. Grauman now forecasts that the bank will post earnings of $1.78 per share for the quarter, up from their previous estimate of $1.77. Cormark also issued estimates for Bank of Nova Scotia’s Q4 2018 earnings at $1.79 EPS, FY2018 earnings at $6.88 EPS and FY2019 earnings at $7.42 EPS.

Several other analysts also recently weighed in on BNS. BMO Capital Markets reiterated an “outperform” rating and issued a C$86.00 price objective on shares of Bank of Nova Scotia in a research report on Wednesday. Scotiabank cut their price objective on shares of Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 29th. National Bank Financial lifted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. Royal Bank Of Canada lifted their price objective on shares of 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, November 29th. Finally, Canaccord Genuity lifted their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Eight equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of C$88.46.

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.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.68 by C($0.03). The firm had revenue of C$6.81 billion during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $1.58 earnings per share.

In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00. Also, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total transaction of C$244,489.08. Insiders have sold a total of 30,364 shares of company stock worth $2,459,789 over the last 90 days.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.78%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 47.00%.

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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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