Earnings Analysis of: The Bank of Nova Scotia (NYSE:BNS)

Posted March 03, 2017

Shares of Bank of Nova Scotia (TSE:BNS) opened at 79.25 on Tuesday. Mackenzie Financial Corp raised its position in Bank of Nova Scotia (The) by 352.6% in the second quarter. The dividend yield based on the forward looking indicated annual dividend is 3.61%.

11/23/2015 - Bank of Nova Scotia (The) had its "market perform" rating reiterated by analysts at Keefe, Bruyette & Woods. 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. Finally, Credit Suisse Group reiterated a "neutral" rating on shares of Bank of Nova Scotia (The) in a research report on Monday, November 14th.

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. They offer a diverse range of products and services including personal, commercial, corporate and investment banking.

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Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) was downgraded by analysts at TD Securities from an "action list buy" rating to a "buy" rating in a research note issued on Wednesday. Bank of Montreal's profit rose 39 percent to a record C$1.49 billion, or C$2.22 a share, helped by a gain from selling businesses, according to statements from the banks Tuesday. The stock has a market cap of $68.12 billion, a price-to-earnings ratio of 13.18 and a beta of 1.28.

Scotiabank said net income in the first quarter to Jan.31 was C$2 billion ($1.5 billion) compared with C$1.8 billion the year before. The ex-dividend date is Thursday, December 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company.

Several institutional investors have recently modified their holdings of BNS.

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Receive Bank of Nova Scotia (The) News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia (The) with MarketBeat.com's FREE daily email newsletter. Canaccord Genuity boosted their price objective on shares of Bank of Nova Scotia from C$80.00 to C$84.00 in a research report on Friday, January 13th. FMR LLC now owns 11,908,430 shares of the company's stock worth $583,555,000 after buying an additional 3,980,450 shares in the last quarter. Edge Asset Management Inc. boosted its stake in Bank of Nova Scotia (The) by 29.6% in the fourth quarter.

Scotiabank, which has the biggest foreign presence of any Canadian bank, is focusing its worldwide strategy on the Pacific Alliance, a Latin American trade bloc comprising Mexico, Peru, Chile and Colombia. The Company's segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

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