Cormark Analysts Raise Earnings Estimates for Bank of Nova Scotia (The) (BNS)

Cormark Analysts Raise Earnings Estimates for Bank of Nova Scotia (The) (BNS)”

Cormark analyst M. Grauman now expects that the bank will post earnings of $5.27 per share for the year, up from their previous estimate of $4.89. IFP Advisors raised its stake in stocks of Bank of Nova Scotia (The) by 46.7% in the Fiscal Q2.

A number of other large investors have also modified their holdings of BNS. Royal Bank Of Canada upped their price objective on shares of Bank of Nova Scotia (The) from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Wednesday, May 31st.

Among 9 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 6 have Buy rating, 0 Sell and 3 Hold. The stock of Bank of Nova Scotia (NYSE:BNS) has "Overweight" rating given on Tuesday, May 23 by Barclays Capital. National Bank Financial restated an "outperform overweight" rating on shares of Bank of Nova Scotia (The) in a report on Thursday, May 18th. TD Securities downgraded the shares of BNS in report on Wednesday, March 1 to "Buy" rating. Bank of America Corporation boosted their price target on Bank of Nova Scotia (The) from $81.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, May 31st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company.

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OMERS ADMINISTRATION Corp raised its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The rating was maintained by Canaccord Genuity on Friday, August 28 with "Buy". RBC Capital Markets has "Outperform" rating and $72 target.

More notable recent Bank of Nova Scotia (NYSE:BNS) news were published by: which released: "Bank Of Nova Scotia's Fat Dividend Keeps On Growing" on August 30, 2017, also with their article: "Better Buy: Toronto-Dominion Bank vs. Bank of Nova Scotia" published on August 04, 2017, published: "First Week of October 20th Options Trading For Bank of Nova Scotia (BNS)" on August 30, 2017. BNS has recorded a 50-day average of $77.82 and a two hundred day average of $77.89.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Tuesday, August 29th. About 1.51 million shares traded. Bank of Nova Scotia (The) had a net margin of 22.17% and a return on equity of 14.45%. The company had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.28 billion. Jones Financial Companies Lllp acquired a new stake in shares of Bank of Nova Scotia (The) during the first quarter worth about $211,000. Advisory Services Network bought a fresh stake in stocks of Bank of Nova Scotia (The) during the Q1 assessed at roughly $111,000. Arrowstreet Capital Limited Partnership raised its position in Bank of Nova Scotia (The) by 481.6% in the second quarter. Montrusco Bolton Investments Inc bought 490,186 shares as the company's stock declined 10.69% while stock markets rallied. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. The ex-dividend date is Monday, October 2nd. Bank of Nova Scotia (The)'s dividend payout ratio (DPR) is now 46.30%.

Equities researchers at Cormark upped their Financial Year 2017 EPS forecasts for stocks of Bank of Nova Scotia (The) in a study published to clients on Wednesday. Its segments include Canadian Banking, which provides a suite of financial advice and banking solutions to retail, small business, commercial and wealth management customers in Canada; International Banking, which provides a range of financial products, solutions and advice to retail and commercial customers in select regions outside of Canada; Global Banking and Markets, which provides corporate banking, investment banking, capital markets and transaction banking solutions, and Other, which represents smaller operating segments, including Group Treasury.

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