The Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) – Investment analysts at Cormark dropped their Q2 2023 earnings per share (EPS) estimates for Bank of Nova Scotia in a research note issued to investors on Tuesday, May 23rd. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $1.80 for the quarter, down from their prior estimate of $1.87. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.61 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2023 earnings at $7.49 EPS and FY2024 earnings at $7.82 EPS.
Bank of Nova Scotia (TSE:BNS – Get Rating) (NYSE:BNS) last announced its earnings results on Tuesday, February 28th. The bank reported C$1.85 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.04 by C($0.19). Bank of Nova Scotia had a net margin of 30.69% and a return on equity of 12.30%. The business had revenue of C$7.98 billion during the quarter, compared to analyst estimates of C$8.25 billion.
Bank of Nova Scotia Stock Performance
Shares of TSE:BNS opened at C$66.72 on Wednesday. Bank of Nova Scotia has a twelve month low of C$63.19 and a twelve month high of C$86.22. The firm has a market cap of C$79.40 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 2.97 and a beta of 0.94. The business has a fifty day moving average of C$67.08 and a 200-day moving average of C$68.39.
Bank of Nova Scotia Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Stockholders of record on Tuesday, April 4th were given a dividend of $1.03 per share. The ex-dividend date was Monday, April 3rd. This represents a $4.12 annualized dividend and a dividend yield of 6.18%. Bank of Nova Scotia’s payout ratio is currently 56.91%.
About Bank of Nova Scotia
The Bank of Nova Scotia engages in the provision of various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.
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