FY2019 Earnings Forecast for Bank of Nova Scotia Issued By National Bank Financial (BNS)

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at National Bank Financial issued their FY2019 EPS estimates for shares of Bank of Nova Scotia in a note issued to investors on Wednesday. National Bank Financial analyst G. Dechaine expects that the bank will post earnings of $7.43 per share for the year. National Bank Financial has a “Outperform” rating and a $88.00 price objective on the stock.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). The company had revenue of C$6.81 billion for the quarter, compared to analyst estimates of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same quarter in the prior year, the business posted $1.58 EPS.

Several other analysts have also recently weighed in on BNS. BMO Capital Markets lifted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th. CIBC lifted their price objective on shares of Bank of Nova Scotia from C$85.00 to C$87.00 in a research note on Wednesday, August 30th. Scotiabank dropped their price objective on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Canaccord Genuity lifted their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Citigroup lifted their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Eight analysts have rated the stock with a buy rating, Bank of Nova Scotia has a consensus rating of “Buy” and an average price target of C$88.46.

Shares of Bank of Nova Scotia (BNS) traded up C$0.16 during trading on Monday, reaching C$82.99. 1,571,754 shares of the company’s stock traded hands, compared to its average volume of 2,128,975. Bank of Nova Scotia has a twelve month low of C$73.31 and a twelve month high of C$85.50.

In related news, insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total transaction of C$244,489.08. Also, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00. Insiders sold a total of 23,250 shares of company stock valued at $1,913,718 over the last 90 days.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd will be given a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s payout ratio is presently 47.00%.

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About Bank of Nova Scotia

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Earnings History and Estimates for Bank of Nova Scotia (TSE:BNS)

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