Cormark Boosts Earnings Estimates for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark upped their FY2025 earnings estimates for Bank of Nova Scotia in a report issued on Monday, November 25th. Cormark analyst L. Persaud now anticipates that the bank will post earnings per share of $7.06 for the year, up from their prior forecast 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 issued its quarterly earnings data on Tuesday, August 27th. The bank reported C$1.63 EPS for the quarter, hitting analysts’ consensus estimates of C$1.63. The firm had revenue of C$8.36 billion during the quarter, compared to analyst estimates of C$8.50 billion. Bank of Nova Scotia had a return on equity of 9.49% and a net margin of 25.38%.

Other equities research analysts have also issued reports about the company. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and increased their price target for the company from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. UBS Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Royal Bank of Canada increased their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. Finally, BMO Capital Markets boosted their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$76.00.

Bank of Nova Scotia Stock Up 0.5 %

BNS stock opened at C$79.52 on Tuesday. The firm 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. Bank of Nova Scotia has a twelve month low of C$56.83 and a twelve month high of C$79.70. The stock’s 50 day moving average is C$73.96 and its 200-day moving average is C$67.92.

Bank of Nova Scotia Dividend Announcement

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

About Bank of Nova Scotia

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.