Cormark Predicts Increased Earnings for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at Cormark increased their FY2025 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud now anticipates that the bank will earn $7.06 per share for the year, up from their prior forecast of $6.93. Cormark currently has a “Market Perform” rating and a $65.00 target price on the stock. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $8.02 EPS.

Several other research analysts have also weighed in on BNS. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. CIBC upgraded shares of Bank of Nova Scotia from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$78.00 to C$82.00 in a report on Friday, September 20th. Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a report on Thursday, November 21st. BMO Capital Markets raised their price objective on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Finally, UBS Group upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Moderate Buy” and an average price target of C$75.82.

Bank of Nova Scotia Trading Up 0.1 %

Bank of Nova Scotia stock opened at C$78.99 on Tuesday. The firm has a market capitalization of C$97.95 billion, a P/E ratio of 13.83, a PEG ratio of 1.33 and a beta of 0.97. The business has a 50-day moving average of C$73.64 and a 200-day moving average of C$67.72. Bank of Nova Scotia has a 1 year low of C$56.83 and a 1 year high of C$79.38.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, meeting analysts’ consensus estimates of C$1.63. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%. The business had revenue of C$8.36 billion during the quarter, compared to the consensus estimate of C$8.50 billion.

Bank of Nova Scotia Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $4.24 annualized dividend and a dividend yield of 5.37%. Bank of Nova Scotia’s dividend payout ratio is currently 74.26%.

About Bank of Nova Scotia

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.