Q4 Earnings Forecast for BNS Issued By Cormark

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at Cormark issued their Q4 2024 EPS estimates for Bank of Nova Scotia in a research note issued on Monday, November 25th. Cormark analyst L. Persaud forecasts that the bank will post earnings of $1.17 per share for the quarter. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.52 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2025 earnings at $5.08 EPS.

Other equities research analysts have also recently issued reports about the stock. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Monday, November 18th. Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. Barclays upgraded Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Bank of Nova Scotia Stock Performance

NYSE:BNS opened at $56.72 on Wednesday. The stock’s 50-day moving average is $53.65 and its 200-day moving average is $49.60. Bank of Nova Scotia has a 1-year low of $41.80 and a 1-year high of $56.81. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61. The stock has a market cap of $70.58 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.52 and a beta of 1.05.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.01. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year.

Institutional Investors Weigh In On Bank of Nova Scotia

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sigma Planning Corp increased its holdings in Bank of Nova Scotia by 1.9% during the 3rd quarter. Sigma Planning Corp now owns 11,089 shares of the bank’s stock worth $604,000 after purchasing an additional 210 shares in the last quarter. Signaturefd LLC raised its position in Bank of Nova Scotia by 1.2% in the 3rd quarter. Signaturefd LLC now owns 18,470 shares of the bank’s stock valued at $1,006,000 after buying an additional 216 shares during the last quarter. Addison Advisors LLC boosted its holdings in Bank of Nova Scotia by 7.3% during the 3rd quarter. Addison Advisors LLC now owns 3,357 shares of the bank’s stock worth $183,000 after acquiring an additional 227 shares during the last quarter. Pacifica Partners Inc. grew its stake in shares of Bank of Nova Scotia by 1.5% in the 2nd quarter. Pacifica Partners Inc. now owns 19,493 shares of the bank’s stock worth $889,000 after acquiring an additional 288 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Bank of Nova Scotia by 11.9% in the third quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank’s stock valued at $148,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

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.