Bank of Nova Scotia (BNS) Set to Announce Earnings on Tuesday

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) will be releasing its earnings data before the market opens on Tuesday, February 27th. Analysts expect Bank of Nova Scotia to post earnings of C$1.68 per share for the quarter.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). The business had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a net margin of 30.39% and a return on equity of 14.64%. During the same quarter in the prior year, the business posted $1.58 EPS.

Bank of Nova Scotia (BNS) opened at C$77.21 on Tuesday. The firm has a market cap of $92,630.00, a price-to-earnings ratio of 11.90 and a beta of 0.86. Bank of Nova Scotia has a twelve month low of C$73.31 and a twelve month high of C$85.50.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.09%. Bank of Nova Scotia’s dividend payout ratio is currently 47.00%.

A number of research firms have recently weighed in on BNS. BMO Capital Markets restated an “outperform” rating and set a C$86.00 price target on shares of Bank of Nova Scotia in a report on Wednesday, December 6th. CSFB raised their price target on shares of Bank of Nova Scotia from C$84.00 to C$86.00 in a report on Friday, January 19th. Citigroup raised their price target on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. Canaccord Genuity raised their price target on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. Finally, National Bank Financial raised their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Eight research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$89.25.

In related news, insider Barbara Frances Mason sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total value of C$1,652,000.00.

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About Bank of Nova Scotia

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 for Bank of Nova Scotia (TSE:BNS)

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