Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities research analysts at Cormark boosted their Q3 2018 earnings per share estimates for Bank of Nova Scotia in a research report issued on Wednesday, August 15th. Cormark analyst M. Grauman now anticipates that the bank will post earnings of $1.81 per share for the quarter, up from their prior forecast of $1.74. Cormark also issued estimates for Bank of Nova Scotia’s FY2018 earnings at $7.10 EPS and FY2019 earnings at $7.51 EPS.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, May 29th. The bank reported C$1.71 EPS for the quarter, beating analysts’ consensus estimates of C$1.68 by C$0.03. The business had revenue of C$7.06 billion during the quarter, compared to analyst estimates of C$6.89 billion. Bank of Nova Scotia had a return on equity of 16.32% and a net margin of 32.97%.

A number of other research firms have also commented on BNS. Royal Bank of Canada lowered their price target on Bank of Nova Scotia from C$95.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Monday, June 11th. National Bank Financial lowered Bank of Nova Scotia from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Friday, June 8th. BMO Capital Markets reissued an “outperform” rating and issued a C$85.00 price target on shares of Bank of Nova Scotia in a research report on Monday, June 11th. CIBC lowered their price target on Bank of Nova Scotia from C$93.00 to C$88.00 in a research report on Monday, June 11th. Finally, Desjardins lowered their price target on Bank of Nova Scotia from C$91.00 to C$88.00 and set a “buy” rating for the company in a research report on Monday, June 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$89.00.

TSE BNS opened at C$77.69 on Monday. Bank of Nova Scotia has a 12 month low of C$73.91 and a 12 month high of C$85.50.

In other Bank of Nova Scotia news, insider Michael D. Penner acquired 10,000 shares of Bank of Nova Scotia stock in a transaction on Monday, June 11th. The stock was purchased at an average price of C$58.25 per share, for a total transaction of C$582,500.00. Also, Director Scott Thomson acquired 1,900 shares of Bank of Nova Scotia stock in a transaction on Friday, June 1st. The stock was acquired at an average price of C$77.25 per share, with a total value of C$146,775.00.

The business also recently declared a quarterly dividend, which was paid on Friday, July 27th. Investors of record on Tuesday, July 3rd were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date was Friday, June 29th.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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

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