BNS FY2025 EPS Forecast Reduced by National Bank Financial

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities research analysts at National Bank Financial decreased their FY2025 earnings estimates for shares of Bank of Nova Scotia in a research note issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings of $5.04 per share for the year, down from their previous estimate of $5.05. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.75 per share.

Other equities analysts have also recently issued reports about the stock. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, Barclays upgraded shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Bank of Nova Scotia Stock Performance

BNS opened at $56.29 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average price of $53.33 and a 200 day moving average price of $49.34. Bank of Nova Scotia has a 1 year low of $41.80 and a 1 year high of $56.71. The stock has a market cap of $70.05 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.67 and a beta of 1.05.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, beating the consensus estimate of $1.62 by $0.01. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.53 billion. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS.

Institutional Investors Weigh In On Bank of Nova Scotia

A number of hedge funds have recently modified their holdings of BNS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Bank of Nova Scotia by 260.1% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 5,480,486 shares of the bank’s stock valued at $298,575,000 after buying an additional 3,958,580 shares during the last quarter. Pathway Financial Advisers LLC raised its position in shares of Bank of Nova Scotia by 5,380.9% in the third quarter. Pathway Financial Advisers LLC now owns 3,972,234 shares of the bank’s stock valued at $216,447,000 after buying an additional 3,899,760 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Bank of Nova Scotia in the second quarter valued at about $120,463,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Bank of Nova Scotia by 24.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank’s stock valued at $640,624,000 after buying an additional 2,346,995 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Bank of Nova Scotia by 9.6% in the third quarter. Toronto Dominion Bank now owns 24,990,868 shares of the bank’s stock valued at $1,361,752,000 after buying an additional 2,195,604 shares during the last quarter. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were given a $0.768 dividend. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio (DPR) is 74.88%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.