The Bank of Nova Scotia Expected to Post Q2 2024 Earnings of $1.54 Per Share (TSE:BNS)

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities research analysts at Cormark issued their Q2 2024 earnings per share (EPS) estimates for Bank of Nova Scotia in a research report issued to clients and investors on Wednesday, May 22nd. Cormark analyst L. Persaud forecasts that the bank will post earnings per share of $1.54 for the quarter. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $6.53 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2024 earnings at $6.65 EPS and FY2025 earnings at $7.08 EPS.

A number of other analysts have also recently commented on the company. CIBC cut their price objective on Bank of Nova Scotia from C$66.00 to C$64.00 and set a “neutral” rating for the company in a research report on Friday, March 8th. BMO Capital Markets boosted their price objective on Bank of Nova Scotia from C$69.00 to C$74.00 in a research report on Friday, April 5th. Royal Bank of Canada boosted their price objective on Bank of Nova Scotia from C$62.00 to C$64.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. TD Securities cut their price objective on Bank of Nova Scotia from C$72.00 to C$69.00 in a research report on Friday, May 10th. Finally, National Bankshares lifted their price target on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and an average price target of C$67.44.

Bank of Nova Scotia Trading Up 0.4 %

Shares of BNS stock opened at C$65.27 on Friday. The stock has a 50 day moving average of C$66.10 and a 200 day moving average of C$63.97. The stock has a market cap of C$79.63 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.33 and a beta of 0.98. Bank of Nova Scotia has a twelve month low of C$55.20 and a twelve month high of C$70.40.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.61 by C$0.08. The firm had revenue of C$8.43 billion during the quarter, compared to analysts’ expectations of C$8.12 billion. Bank of Nova Scotia had a return on equity of 10.20% and a net margin of 26.75%.

Bank of Nova Scotia Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 2nd were issued a $1.06 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $4.24 annualized dividend and a dividend yield of 6.50%. Bank of Nova Scotia’s dividend payout ratio is presently 69.39%.

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.