Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) announced its earnings results on Tuesday. The bank reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.44, Briefing.com reports. Bank of Nova Scotia had a return on equity of 13.68% and a net margin of 17.99%. The company had revenue of $7.98 billion for the quarter, compared to analysts’ expectations of $7.98 billion. During the same period last year, the firm earned $1.77 EPS. Bank of Nova Scotia’s revenue for the quarter was up 7.1% compared to the same quarter last year.
Shares of BNS stock opened at $56.41 on Friday. Bank of Nova Scotia has a 52-week low of $48.34 and a 52-week high of $58.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $68.83 billion, a PE ratio of 10.50, a PEG ratio of 1.84 and a beta of 1.18. The stock has a fifty day simple moving average of $57.36 and a two-hundred day simple moving average of $54.51.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be paid a $0.684 dividend. This represents a $2.74 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, January 6th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.68. Bank of Nova Scotia’s dividend payout ratio is presently 50.65%.
About Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company 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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