Desjardins Issues Optimistic Estimate for BNS Earnings

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Research analysts at Desjardins raised their FY2025 earnings per share (EPS) estimates for Bank of Nova Scotia in a report issued on Friday, November 1st. Desjardins analyst D. Young now forecasts that the bank will post earnings of $5.15 per share for the year, up from their prior estimate of $5.08. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.80 per share. Desjardins also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $5.83 EPS.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. Bank of Nova Scotia’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.30 EPS.

Other research analysts also recently issued reports about the company. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.00.

Bank of Nova Scotia Stock Up 2.2 %

BNS stock opened at $53.04 on Monday. The stock has a market capitalization of $65.64 billion, a P/E ratio of 12.69, a P/E/G ratio of 1.63 and a beta of 1.05. Bank of Nova Scotia has a 52 week low of $41.80 and a 52 week high of $55.12. The firm has a 50-day simple moving average of $52.30 and a 200-day simple moving average of $48.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61.

Bank of Nova Scotia Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were paid a dividend of $0.768 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $3.07 annualized dividend and a yield of 5.79%. Bank of Nova Scotia’s payout ratio is 74.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Addison Advisors LLC grew its stake in shares of Bank of Nova Scotia by 7.3% during the 3rd quarter. Addison Advisors LLC now owns 3,357 shares of the bank’s stock worth $183,000 after purchasing an additional 227 shares during the period. Alan B Lancz & Associates Inc. acquired a new stake in shares of Bank of Nova Scotia during the 3rd quarter valued at approximately $213,000. Sigma Planning Corp grew its holdings in shares of Bank of Nova Scotia by 1.9% in the 3rd quarter. Sigma Planning Corp now owns 11,089 shares of the bank’s stock worth $604,000 after acquiring an additional 210 shares during the period. Executive Wealth Management LLC purchased a new position in shares of Bank of Nova Scotia in the third quarter valued at $619,000. Finally, Fiera Capital Corp grew its position in shares of Bank of Nova Scotia by 326.7% in the third quarter. Fiera Capital Corp now owns 80,956 shares of the bank’s stock valued at $4,417,000 after purchasing an additional 61,982 shares during the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.

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.