Q1 EPS Forecast for Bank of Nova Scotia Reduced by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities research analysts at National Bank Financial reduced their Q1 2025 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a report issued on Monday, February 17th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $1.18 per share for the quarter, down from their prior forecast of $1.19. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.93 per share. National Bank Financial also issued estimates for Bank of Nova Scotia’s Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.26 EPS and FY2025 earnings at $4.83 EPS.

Other equities analysts have also recently issued research reports about the company. Barclays upgraded Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. UBS Group upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. CIBC reiterated a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, TD Securities upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia has an average rating of “Moderate Buy” and an average price target of $72.00.

Bank of Nova Scotia Stock Down 0.5 %

NYSE BNS opened at $50.96 on Wednesday. The stock has a market cap of $63.46 billion, a PE ratio of 11.80, a P/E/G ratio of 1.15 and a beta of 1.07. Bank of Nova Scotia has a fifty-two week low of $43.67 and a fifty-two week high of $57.07. The business has a 50 day moving average price of $52.32 and a two-hundred day moving average price of $52.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59.

Hedge Funds Weigh In On Bank of Nova Scotia

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Bank of Nova Scotia by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 51,363,146 shares of the bank’s stock worth $2,758,150,000 after purchasing an additional 969,488 shares during the last quarter. Toronto Dominion Bank lifted its stake in Bank of Nova Scotia by 1.7% during the fourth quarter. Toronto Dominion Bank now owns 25,425,639 shares of the bank’s stock worth $1,363,619,000 after purchasing an additional 434,771 shares during the last quarter. TD Asset Management Inc. lifted its stake in Bank of Nova Scotia by 1.7% during the fourth quarter. TD Asset Management Inc. now owns 18,966,078 shares of the bank’s stock worth $1,017,933,000 after purchasing an additional 308,837 shares during the last quarter. Norges Bank bought a new position in Bank of Nova Scotia during the fourth quarter worth $690,746,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Bank of Nova Scotia by 24.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank’s stock worth $640,624,000 after buying an additional 2,346,995 shares during the period. 49.13% of the stock is currently owned by institutional investors.

Bank of Nova Scotia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were paid a dividend of $0.7535 per share. This represents a $3.01 annualized dividend and a yield of 5.92%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 68.29%.

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.