Todays Report: Today: Bank of Nova Scotia (BNS) to Release Earnings on Tuesday

Today: Bank of Nova Scotia (BNS) to Release Earnings on Tuesday

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) will be posting its Q416 quarterly earnings results on Tuesday, November 29th. Analysts expect Bank of Nova Scotia to post earnings of $1.12 per share and revenue of $4.92 billion for the quarter.

Bank of Nova Scotia (NYSE:BNS) traded up 0.67% during mid-day trading on Monday, hitting $54.30. The company had a trading volume of 109,117 shares. The company has a market capitalization of $65.42 billion, a price-to-earnings ratio of 12.98 and a beta of 1.29. The firm’s 50 day moving average is $53.37 and its 200 day moving average is $51.64. Bank of Nova Scotia has a 52 week low of $35.01 and a 52 week high of $55.14.

A number of research analysts recently weighed in on the company. Barclays PLC reaffirmed an “equal weight” rating and set a $60.00 price objective (up previously from $55.00) on shares of Bank of Nova Scotia in a research report on Sunday, August 21st. Desjardins reaffirmed a “buy” rating and set a $73.00 price objective (up previously from $71.00) on shares of Bank of Nova Scotia in a research report on Thursday, September 1st. TheStreet raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. National Bank Financial reaffirmed a “sector perform” rating and set a $70.00 price objective (up previously from $66.00) on shares of Bank of Nova Scotia in a research report on Thursday, September 1st. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $77.00 price objective (up previously from $72.00) on shares of Bank of Nova Scotia in a research report on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $68.09.

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of Bank of Nova Scotia by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 6,530 shares of the company’s stock worth $346,000 after buying an additional 39 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Bank of Nova Scotia by 1.6% in the second quarter. Advisor Partners LLC now owns 4,813 shares of the company’s stock worth $235,000 after buying an additional 75 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Bank of Nova Scotia by 1.8% in the second quarter. Wetherby Asset Management Inc. now owns 12,714 shares of the company’s stock worth $623,000 after buying an additional 226 shares in the last quarter. Shoker Investment Counsel Inc. boosted its position in shares of Bank of Nova Scotia by 3.3% in the second quarter. Shoker Investment Counsel Inc. now owns 7,978 shares of the company’s stock worth $391,000 after buying an additional 256 shares in the last quarter. Finally, Reliance Trust Co. of Delaware boosted its position in shares of Bank of Nova Scotia by 2.8% in the second quarter. Reliance Trust Co. of Delaware now owns 9,471 shares of the company’s stock worth $464,000 after buying an additional 258 shares in the last quarter. 49.54% of the stock is currently owned by institutional investors.

Bank of Nova Scotia Company Profile

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