Desjardins Boosts Earnings Estimates for Bank of Nova Scotia

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) – Desjardins increased their Q4 2025 EPS estimates for Bank of Nova Scotia in a research note issued to investors on Tuesday, November 11th. Desjardins analyst D. Young now expects that the bank will post earnings of $1.35 per share for the quarter, up from their previous forecast of $1.32. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share. Desjardins also issued estimates for Bank of Nova Scotia’s FY2027 earnings at $6.11 EPS.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings results on Tuesday, August 26th. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $6.85 billion for the quarter, compared to analyst estimates of $9.29 billion. Bank of Nova Scotia had a net margin of 9.74% and a return on equity of 11.61%. Bank of Nova Scotia’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 earnings per share.

A number of other equities analysts also recently weighed in on BNS. Royal Bank Of Canada upped their price target on shares of Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Wall Street Zen upgraded shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank of Nova Scotia in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.00.

Bank of Nova Scotia Trading Down 0.4%

NYSE BNS traded down $0.29 on Thursday, hitting $67.54. 285,998 shares of the stock were exchanged, compared to its average volume of 1,892,559. The company’s 50-day moving average price is $64.72 and its two-hundred day moving average price is $58.19. The company has a market capitalization of $83.62 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 1.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.03 and a quick ratio of 1.03. Bank of Nova Scotia has a 52-week low of $44.09 and a 52-week high of $68.10.

Institutional Trading of Bank of Nova Scotia

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in shares of Bank of Nova Scotia by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 1,200,107 shares of the bank’s stock worth $66,330,000 after purchasing an additional 44,316 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in Bank of Nova Scotia by 1,439.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 108,750 shares of the bank’s stock worth $6,011,000 after buying an additional 101,687 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of Bank of Nova Scotia during the 2nd quarter worth about $21,803,000. Scheer Rowlett & Associates Investment Management Ltd. boosted its stake in Bank of Nova Scotia by 2.9% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,188,376 shares of the bank’s stock worth $65,755,000 after acquiring an additional 33,800 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Bank of Nova Scotia by 261.9% during the second quarter. Ritholtz Wealth Management now owns 15,811 shares of the bank’s stock valued at $874,000 after purchasing an additional 11,442 shares during the period. 49.13% of the stock is owned by institutional investors.

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.