Q2 EPS Estimate for Bank of Nova Scotia Cut by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Desjardins lowered their Q2 2025 EPS estimates for shares of Bank of Nova Scotia in a research note issued on Tuesday, February 25th. Desjardins analyst D. Young now expects that the bank will earn $1.14 per share for the quarter, down from their prior estimate of $1.23. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share. Desjardins also issued estimates for Bank of Nova Scotia’s Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.34 EPS and FY2026 earnings at $5.57 EPS.

A number of other brokerages also recently issued reports on BNS. UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays upgraded shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. Royal Bank of Canada dropped their target price on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Cibc World Mkts downgraded shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $75.50.

Bank of Nova Scotia Stock Up 1.2 %

Shares of NYSE BNS opened at $50.45 on Thursday. The company has a 50 day simple moving average of $51.79 and a 200-day simple moving average of $52.37. The company has a market capitalization of $62.84 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. Bank of Nova Scotia has a 1 year low of $43.67 and a 1 year high of $57.07.

Institutional Investors Weigh In On Bank of Nova Scotia

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Bank of Nova Scotia by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 51,363,146 shares of the bank’s stock worth $2,758,150,000 after purchasing an additional 969,488 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Bank of Nova Scotia by 1.7% during the 4th quarter. Toronto Dominion Bank now owns 25,425,639 shares of the bank’s stock worth $1,363,619,000 after purchasing an additional 434,771 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of Bank of Nova Scotia by 1.7% during the 4th quarter. TD Asset Management Inc. now owns 18,966,078 shares of the bank’s stock worth $1,017,933,000 after purchasing an additional 308,837 shares during the last quarter. Norges Bank purchased a new stake in shares of Bank of Nova Scotia during the 4th quarter worth $690,746,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Bank of Nova Scotia by 24.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank’s stock worth $640,624,000 after purchasing an additional 2,346,995 shares during the last quarter. 49.13% of the stock is owned by hedge funds and other institutional investors.

Bank of Nova Scotia Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a $0.7415 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.97 annualized dividend and a yield of 5.88%. Bank of Nova Scotia’s dividend payout ratio is presently 68.06%.

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.