Bank of Nova Scotia (TSE:BNS – Free Report) (NYSE:BNS) had its target price increased by BMO Capital Markets from C$72.00 to C$84.00 in a research report report published on Monday,BayStreet.CA reports.
Other equities research analysts also recently issued reports about the company. TD Securities lifted their target price on Bank of Nova Scotia from C$80.00 to C$82.00 in a research report on Friday. Cormark decreased their price objective on Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. CIBC upgraded Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$78.00 to C$82.00 in a research note on Friday, September 20th. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Finally, Royal Bank of Canada increased their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. Ten research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$70.17.
Check Out Our Latest Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Up 2.0 %
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, August 27th. The bank reported C$1.63 earnings per share for the quarter, meeting analysts’ consensus estimates of C$1.63. The firm had revenue of C$8.36 billion during the quarter, compared to the consensus estimate of C$8.50 billion. Bank of Nova Scotia had a net margin of 25.38% and a return on equity of 9.49%. As a group, equities analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.
Bank of Nova Scotia Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Wednesday, October 2nd. Bank of Nova Scotia’s payout ratio is 74.26%.
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.
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