Listings for the Bank of Nova Scotia can be found on the NYSE and the Toronto Stock Exchange. The stock analysts working for National Bank Financial shared their forecasts for the shares of Bank of Nova Scotia’s profits per share for the fiscal year 2024 within a research study made available to customers and investors on Monday, December 19. According to projections by G. Dechaine, a financial analyst working for National Bank, the institution is expected to generate $6.12 per share in 2018. The Bank of Nova Scotia is expected to finish the year with earnings of $6.11 per share, which is what is currently anticipated for the entire year.
On Wednesday, trading on the NYSE BNS started at $49.99 Canadian per share.
The current and quick ratios are equal to 1.05 at this point. At this time, the proportion of debt to equity stands at 0.46. It has been determined that the company is worth $57.17 billion in Canadian dollars based on its P/E ratio of 7.69, its P/E/G ratio of 1.60, and its beta value of 0.98. These metrics were used to arrive at this valuation. The lowest point for the Bank of Nova Scotia over the past year is $45.26, and the highest for the Bank of Nova Scotia over the past year is $74.86. This stock’s 50-day moving average is currently at $49.68, and its 200-day moving average is currently at $54.72, respectively.
The past few months have seen several other research companies provide their perspectives on BNS. The Royal Bank of Canada downgraded its rating on the Bank of Nova Scotia from “outperform” to “sector perform” in a research study that was made public on Wednesday, August 24. The Credit Suisse Group stated in a research report disseminated on August 24 that they now have a price objective of C$84.00 for the Bank of Nova Scotia, which is a decrease from their previous price objective of C$85.00. BMO Capital Markets downgraded the Bank of Nova Scotia from an “outperform” rating to a “market perform” rating and established a price objective of $95.00 for the company. A report was made available to the general public on Tuesday, August 23. In a research report released on August 24, TD Securities stated that their price objective for Bank of Nova Scotia had been reduced from C$84.00 to C$83.00.The report was published on Wednesday. On October 12, StockNews.com published its first article covering the Bank of Nova Scotia. They advised their clients to “hold” the stock moving forward. This stock has been recommended to “hold” by eleven analysts, while only “buy” has been given by two of those same analysts. The information that can be found on Bloomberg.com indicates that the general recommendation for the Bank of Nova Scotia is “Hold” and that its price objective is set at C$89.77.
Several institutional investors have recently modified their BNS holdings in response to recent market developments. Sequoia Financial Advisors LLC increased the proportion of Bank of Nova Scotia stock owned by 6.1% during the second quarter. After the most recent acquisition of 230 additional shares during the most recent fiscal quarter, Sequoia Financial Advisors LLC now has 4,013 shares of the bank’s stock, valued at $238,000 after the most recent purchase of those shares. In the second quarter, Russell Investments Group Ltd. brought the total amount of Bank of Nova Scotia stock it owned to 9.4 percent higher than before. After purchasing an additional 74,667 shares during the relevant period, Russell Investments Group Ltd. now has 867,334 shares of the bank’s stock, currently valued at $51,308,000. This is because the company acquired additional shares during the time above period. During the second quarter, NEIRG Wealth Management LLC achieved a 128.4% increase in the proportion of Bank of Nova Scotia stock it owned. NEIRG Wealth Management LLC now holds 38,186 shares of the bank’s stock, valued at $2,261,000, after purchasing an additional 21,464 shares during the most recent quarter. These shares were acquired for a total cost of $2,261,000. During the second quarter, Cardinal Capital Management achieved a 0.8% increase in the proportion of Bank of Nova Scotia shares it owned. Following the acquisition of a further 384 shares during the period above, Cardinal Capital Management now holds 49,683 shares of the bank’s stock, which have a combined value of $2,942,000. Cardinal Capital Management bought these shares. Last but certainly not least, Total Clarity Wealth Management Inc. increased the proportion of Bank of Nova Scotia stock that is owned by 6.6% during the second quarter. This certainly should not be considered the least important item on this list. The company’s stock is owned by institutional investors and hedge funds to the extent that 45.43 percent of it is. Total Clarity Wealth Management Inc. now holds 8,855 shares of the bank’s stock following purchasing 545 additional shares during the most recent fiscal quarter. These shares have a combined value of $524,000.
In addition, the company has recently announced a quarterly dividend, which will be distributed on the 27th of this month. This dividend has been paid out in the past. Those shareholders recorded as such as of January 4 will be eligible to receive a $0.756 dividend payment per share. This translates into a dividend payment of $3.02 per share and a dividend yield of 6.30 percent when calculated annually. On Tuesday, January 3, you will be responsible for paying the dividend. The Bank of Nova Scotia ensures that its payout ratio stays at 47.76%.
The Bank of Nova Scotia provides a comprehensive range of banking products and services in several countries worldwide. These nations include Canada, the United States of America, Mexico, Peru, Chile, Colombia, the Caribbean, and Central America, among many others. The company’s operations are divided into four distinct business segments: global banking and markets, global wealth management, international banking, and Canadian banking.
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