Bank of Nova Scotia (BNS.TO), Canada's third-biggest lender, reported improved first-quarter earnings that appeared to be just ahead of market expectations but which underwhelmed banking analysts. The stock has a consensus rating of "Buy" and a consensus target price of C$82.43. This represents a $3.04 annualized dividend and a dividend yield of 3.86%. The company has a market capitalization of $94.69 billion and a price-to-earnings ratio of 13.59. The 52-week high of Bank of Nova Scotia (The) (NYSE:BNS) is $62.89 and the 52-week low is $39.72.
Several other equities research analysts also recently issued reports on the stock.
11/23/2015 - Bank of Nova Scotia (The) had its "market perform" rating reiterated by analysts at Keefe, Bruyette & Woods. Mackenzie Financial Corp now owns 6,812,047 shares of the company's stock worth $333,858,000 after buying an additional 5,307,043 shares in the last quarter. Finally, National Bank Financial reiterated an "outperform" rating on shares of Bank of Nova Scotia in a research note on Monday, February 20th. Mackenzie Financial Corp raised its position in Bank of Nova Scotia (The) by 352.6% in the second quarter.
The share price of the company (NYSE:BNS) was down -0.54%, with a high of 61.32 during the day and the volume of Bank of Nova Scotia (The) shares traded was 1081462.
The four countries, which formed a trading alliance in 2011, have a growing middle class and an average age of under 30 and were identified by Scotiabank executives as having exceptional potential for growth.
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The 5 year historical dividend growth of Bank of Nova Scotia (The)(BNS) is at the rate of -1.02% while the R-Squared dividend growth is 0.04. Barclays PLC increased their target price on Bank of Nova Scotia from C$73.00 to C$78.00 in a research report on Wednesday. The ex-dividend date was Thursday, December 29th. Royal Bank of Canada dropped their target price on Bank of Nova Scotia from C$87.00 to C$86.00 and set an "outperform" rating for the company in a research report on Wednesday. These include Domestic Banking, Wealth Management, International Banking and Scotia Capital.
Some buy side analysts are also providing their Analysis on The Bank of Nova Scotia, where 1 analysts have rated the stock as Strong buy, 2 analysts have given a Buy signal, 2 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/03/02/bank-of-nova-scotia-bns-forecasted-to-post-q2-2017-earnings-of-1-59-per-share.html.
The Bank of Nova Scotia (Scotiabank or the Bank) is an global bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia.
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