Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) declared a quarterly dividend on Tuesday, November 28th, RTT News reports. Investors of record on Tuesday, January 2nd will be given a dividend of 0.79 per share by the bank on Monday, January 29th. This represents a $3.16 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, December 29th.
Bank of Nova Scotia (TSE:BNS) traded up C$0.34 during midday trading on Friday, reaching C$81.99. The company had a trading volume of 2,840,000 shares, compared to its average volume of 1,740,000. The stock has a market capitalization of $98,360.00, a P/E ratio of 12.63 and a beta of 0.88. Bank of Nova Scotia has a 1 year low of C$73.31 and a 1 year high of C$85.50.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). Bank of Nova Scotia had a net margin of 30.39% and a return on equity of 14.64%. The company had revenue of C$6.81 billion during the quarter, compared to analyst estimates of C$7.05 billion. During the same quarter last year, the business posted $1.58 EPS.
BNS has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Royal Bank of Canada raised their price objective on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. Canaccord Genuity raised their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Scotiabank lowered their price objective on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Wednesday, November 29th. Finally, CIBC raised their price objective on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Eight equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$89.17.
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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.
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