Cormark Has Negative Outlook for TSE:BNS FY2025 Earnings

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at Cormark decreased their FY2025 earnings per share estimates for shares of Bank of Nova Scotia in a report issued on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $6.93 for the year, down from their previous estimate of $6.96. 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 $7.96 EPS.

Several other research analysts also recently commented on BNS. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. National Bankshares increased their price target on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Royal Bank of Canada reduced their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$78.17.

Bank of Nova Scotia Stock Up 1.4 %

TSE BNS opened at C$72.38 on Thursday. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14. The firm has a market cap of C$88.70 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The company’s 50 day moving average is C$74.35 and its 200-day moving average is C$72.87.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th were given a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 5.86%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio is currently 67.00%.

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.