Desjardins Predicts Reduced Earnings for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities research analysts at Desjardins lowered their Q1 2025 earnings estimates for shares of Bank of Nova Scotia in a report issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will post earnings per share of $1.62 for the quarter, down from their prior estimate of $1.66. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share.

A number of other research firms have also recently weighed in on BNS. National Bankshares increased their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 18th. BMO Capital Markets raised their price target on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Royal Bank of Canada raised their price target on shares of Bank of Nova Scotia from C$74.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$77.92.

Bank of Nova Scotia Stock Performance

TSE:BNS opened at C$72.77 on Thursday. The stock has a market capitalization of C$90.23 billion, a P/E ratio of 12.74, a PEG ratio of 1.33 and a beta of 0.97. The company has a 50 day moving average price of C$76.15 and a 200 day moving average price of C$72.05. Bank of Nova Scotia has a fifty-two week low of C$60.68 and a fifty-two week high of C$80.14.

Bank of Nova Scotia Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 annualized dividend and a dividend yield of 5.83%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 74.26%.

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.