Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Analysts at National Bank Financial dropped their Q1 2018 EPS estimates for Bank of Nova Scotia in a report issued on Tuesday. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings per share of $1.66 for the quarter, down from their prior estimate of $1.69. National Bank Financial currently has a “Outperform” rating and a $86.00 target price on the stock.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, May 30th. The bank reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.07. The business had revenue of $6.58 billion for the quarter, compared to analyst estimates of $6.61 billion. Bank of Nova Scotia had a return on equity of 14.58% and a net margin of 31.32%. TRADEMARK VIOLATION NOTICE: “National Bank Financial Weighs in on Bank of Nova Scotia’s Q1 2018 Earnings (BNS)” was published by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.watchlistnews.com/national-bank-financial-weighs-in-on-bank-of-nova-scotias-q1-2018-earnings-bns/1537824.html.

A number of other equities research analysts also recently weighed in on the company. Scotiabank raised their price target on Bank of Nova Scotia from C$86.00 to C$89.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Barclays PLC raised their price target on Bank of Nova Scotia from C$84.00 to C$86.00 and gave the company an “overweight” rating in a research report on Tuesday, May 30th. Royal Bank Of Canada raised their price target on Bank of Nova Scotia from C$86.00 to C$87.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. CIBC raised their price target on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday. Finally, BMO Capital Markets raised their price target on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Bank of Nova Scotia has an average rating of “Buy” and a consensus price target of C$85.08.

Shares of Bank of Nova Scotia (BNS) opened at 77.69 on Friday. The company’s 50-day moving average price is $77.68 and its 200-day moving average price is $77.81. Bank of Nova Scotia has a 12 month low of $68.27 and a 12 month high of $82.30. The company has a market cap of $93.37 billion and a price-to-earnings ratio of 12.12.

In other Bank of Nova Scotia news, Director Brian J. Porter bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average cost of C$77.74 per share, with a total value of C$77,740.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 3rd will be paid a $0.79 dividend. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a dividend yield of 4.07%.

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.

Earnings History and Estimates for Bank of Nova Scotia (TSE:BNS)

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