Cormark Decreases Earnings Estimates for Bank of Nova Scotia

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at Cormark reduced their FY2026 earnings estimates for Bank of Nova Scotia in a research report issued to clients and investors on Friday, February 21st. Cormark analyst L. Persaud now expects that the bank will earn $7.98 per share for the year, down from their prior estimate of $7.99. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $7.13 per share.

A number of other analysts have also issued reports on the stock. CIBC lowered shares of Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$84.00 to C$81.00 in a research report on Tuesday, February 18th. National Bankshares raised their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and raised their price objective for the company from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group dropped their price target on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus target price of C$78.33.

Bank of Nova Scotia Trading Up 0.5 %

Bank of Nova Scotia stock opened at C$72.23 on Monday. The stock has a market cap of C$88.51 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.33 and a beta of 0.97. The company’s 50-day moving average price is C$74.59 and its two-hundred day moving average price is C$72.89. Bank of Nova Scotia has a 52 week low of C$60.68 and a 52 week high of C$80.14.

Bank of Nova Scotia Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th were paid a $1.06 dividend. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $4.24 annualized dividend and a dividend yield of 5.87%. Bank of Nova Scotia’s payout ratio is 67.00%.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.