August 21, 2017 – By Louis Casey
Analysts await Bank of Nova Scotia (NYSE:BNS) to report earnings on August, 29 before the open. They expect $1.22 earnings per share, up 1.67 % or $0.02 from last year’s $1.2 per share. BNS’s profit will be $1.46 billion for 12.55 P/E if the $1.22 EPS becomes a reality. After $1.23 actual earnings per share reported by Bank of Nova Scotia for the previous quarter, Wall Street now forecasts -0.81 % negative EPS growth. The stock increased 0.28% or $0.17 on August 18, reaching $61.23. About shares traded. Bank of Nova Scotia (NYSE:BNS) has risen 16.52% since August 21, 2016 and is uptrending. It has underperformed by 0.18% the S&P500.
Bank of Nova Scotia (NYSE:BNS) Ratings Coverage
Among 8 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. The Bank Of Nova Scotia had 16 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by Dundee Securities on Wednesday, September 21 with “Buy”. The stock of Bank of Nova Scotia (NYSE:BNS) earned “Buy” rating by Canaccord Genuity on Friday, August 28. The stock has “Neutral” rating by Macquarie Research on Thursday, June 9. RBC Capital Markets maintained Bank of Nova Scotia (NYSE:BNS) rating on Monday, August 31. RBC Capital Markets has “Outperform” rating and $73 target. The company was maintained on Wednesday, May 31 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, August 31. On Tuesday, May 23 the stock rating was upgraded by Barclays Capital to “Overweight”. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, December 2.
The Bank of Nova Scotia is an international bank and a financial services well-known provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The company has market cap of $73.40 billion. The Bank offers a range of advice, services and products, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. It has a 12.25 P/E ratio.
More notable recent Bank of Nova Scotia (NYSE:BNS) news were published by: Fool.ca which released: “Latest Rate Hike Boosts the Attractiveness of Bank of Nova Scotia” on August 09, 2017, also Fool.ca with their article: “Better Buy: Toronto-Dominion Bank vs. Bank of Nova Scotia” published on August 04, 2017, Theglobeandmail.com published: “Strong Canadian economy expected to boost bank earnings” on August 20, 2017. More interesting news about Bank of Nova Scotia (NYSE:BNS) were released by: Fool.ca and their article: “Profit From Interest Rate Hikes With Bank of Nova Scotia” published on August 17, 2017 as well as Fool.ca‘s news article titled: “Evaluating Canada’s Banks: Bank of Nova Scotia” with publication date: July 27, 2017.
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