TSE:BNS FY2025 EPS Lifted by National Bank Financial

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Analysts at National Bank Financial raised their FY2025 earnings estimates for Bank of Nova Scotia in a report released on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the bank will earn $7.00 per share for the year, up from their prior forecast of $6.92. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share. National Bank Financial also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $8.14 EPS.

Several other research analysts also recently weighed in on the company. CIBC raised Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$78.00 to C$82.00 in a research note on Friday, September 20th. Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and upped their price objective for the stock from C$73.00 to C$90.00 in a research report on Tuesday. TD Securities lifted their target price on shares of Bank of Nova Scotia from C$80.00 to C$82.00 in a research report on Friday, November 15th. National Bankshares upped their price target on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday. Finally, Cormark lowered 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. Seven analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$74.75.

Bank of Nova Scotia Price Performance

Shares of TSE BNS opened at C$78.71 on Thursday. The stock has a market capitalization of C$97.60 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.33 and a beta of 0.97. The firm’s 50 day simple moving average is C$73.12 and its 200-day simple moving average is C$67.40. Bank of Nova Scotia has a 12 month low of C$56.83 and a 12 month high of C$78.99.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.63. The business had revenue of C$8.36 billion during the quarter, compared to analysts’ expectations of C$8.50 billion. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%.

Bank of Nova Scotia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were given a $1.06 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $4.24 dividend on an annualized basis and a yield of 5.39%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 74.26%.

About Bank of Nova Scotia

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.