Cormark Expects Increased Earnings for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark upped their FY2025 EPS estimates for shares of Bank of Nova Scotia in a report issued on Monday, November 25th. Cormark analyst L. Persaud now forecasts that the bank will post earnings per share of $7.06 for the year, up from their prior estimate 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.

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

Several other research firms have also recently weighed in on BNS. CIBC upped their price objective on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research report on Tuesday. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$73.00 to C$90.00 in a report on Tuesday, November 19th. National Bankshares lifted their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating and upped their target price for the stock from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. Finally, TD Securities raised their target price on Bank of Nova Scotia from C$80.00 to C$82.00 in a report on Friday, November 15th. Seven equities 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$76.00.

Bank of Nova Scotia Trading Up 0.5 %

Shares of BNS opened at C$79.52 on Tuesday. The stock has a market capitalization of C$98.60 billion, a PE ratio of 13.93, a P/E/G ratio of 1.33 and a beta of 0.97. The firm’s 50 day moving average is C$73.96 and its 200-day moving average is C$67.92. Bank of Nova Scotia has a 12 month low of C$56.83 and a 12 month high of C$79.70.

Bank of Nova Scotia Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were paid a dividend of $1.06 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $4.24 annualized dividend and a yield of 5.33%. Bank of Nova Scotia’s dividend payout ratio is currently 74.26%.

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.