Cormark Has Pessimistic Outlook of TSE:BNS FY2025 Earnings

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at Cormark lowered their FY2025 earnings per share estimates for Bank of Nova Scotia in a research report issued on Wednesday, February 26th. Cormark analyst L. Persaud now anticipates that the bank will earn $6.93 per share for the year, down from their previous forecast of $6.96. 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 $7.96 EPS.

Several other analysts also recently commented on BNS. National Bankshares raised their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Jefferies Financial Group decreased their target price on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research report on Tuesday, February 18th. Royal Bank of Canada cut their price target on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. Nine research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and an average target price of C$78.17.

Bank of Nova Scotia Trading Up 1.4 %

Shares of BNS opened at C$72.38 on Thursday. The stock has a market cap of C$88.70 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The stock’s 50-day moving average price is C$74.35 and its two-hundred day moving average price is C$72.87. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were issued a dividend of $1.06 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 annualized dividend and a yield of 5.86%. Bank of Nova Scotia’s payout ratio is 67.00%.

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.